Allen Investment Management LLC purchased a new position in iShares U.S. Healthcare ETF (NYSEARCA:IYH – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 15,039 shares of the company’s stock, valued at approximately $979,000.
Other hedge funds also recently modified their holdings of the company. Asempa Wealth Advisors bought a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter worth approximately $818,000. Jones Financial Companies Lllp raised its holdings in shares of iShares U.S. Healthcare ETF by 26.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 132,290 shares of the company’s stock worth $7,558,000 after purchasing an additional 27,399 shares during the period. Apella Capital LLC bought a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter worth approximately $1,053,000. Banque Pictet & Cie SA bought a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter worth approximately $1,243,000. Finally, Balboa Wealth Partners bought a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter worth approximately $2,889,000.
iShares U.S. Healthcare ETF Trading Down 1.2%
NYSEARCA:IYH opened at $62.30 on Tuesday. The stock has a market capitalization of $2.91 billion, a PE ratio of 21.05 and a beta of 0.59. The firm’s 50 day moving average is $61.60 and its 200 day moving average is $63.89. iShares U.S. Healthcare ETF has a 12 month low of $53.94 and a 12 month high of $67.63.
iShares U.S. Healthcare ETF Profile
iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.
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Want to see what other hedge funds are holding IYH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Healthcare ETF (NYSEARCA:IYH – Free Report).
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