BNP Paribas Financial Markets Cuts Stake in iShares U.S. Healthcare Providers ETF $IHF

BNP Paribas Financial Markets reduced its stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,000 shares of the company’s stock after selling 99,000 shares during the quarter. BNP Paribas Financial Markets owned about 2.48% of iShares U.S. Healthcare Providers ETF worth $19,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Sather Financial Group Inc grew its holdings in iShares U.S. Healthcare Providers ETF by 5.9% during the 4th quarter. Sather Financial Group Inc now owns 908,958 shares of the company’s stock valued at $43,577,000 after buying an additional 50,946 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares U.S. Healthcare Providers ETF by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 383,556 shares of the company’s stock valued at $18,660,000 after buying an additional 22,471 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of iShares U.S. Healthcare Providers ETF by 69.8% in the third quarter. Kingsview Wealth Management LLC now owns 351,526 shares of the company’s stock valued at $17,362,000 after purchasing an additional 144,524 shares in the last quarter. Element Pointe Advisors LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the third quarter valued at $15,602,000. Finally, UBS Group AG grew its holdings in shares of iShares U.S. Healthcare Providers ETF by 9.3% in the fourth quarter. UBS Group AG now owns 288,968 shares of the company’s stock valued at $13,854,000 after purchasing an additional 24,665 shares in the last quarter.

iShares U.S. Healthcare Providers ETF Stock Performance

IHF stock opened at $51.93 on Friday. The firm has a fifty day moving average price of $47.45 and a 200 day moving average price of $47.10. iShares U.S. Healthcare Providers ETF has a fifty-two week low of $40.57 and a fifty-two week high of $52.21. The firm has a market cap of $836.07 million, a PE ratio of 15.41 and a beta of 0.74.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.