iShares U.S. Healthcare ETF $IYH Shares Sold by Forte Asset Management LLC

Forte Asset Management LLC lessened its stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 23.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,479 shares of the company’s stock after selling 18,101 shares during the period. iShares U.S. Healthcare ETF accounts for about 1.7% of Forte Asset Management LLC’s holdings, making the stock its 21st biggest position. Forte Asset Management LLC’s holdings in iShares U.S. Healthcare ETF were worth $4,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new position in shares of iShares U.S. Healthcare ETF in the second quarter valued at approximately $744,000. Gerald Baker Financial Group LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the first quarter worth approximately $3,539,000. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Healthcare ETF during the second quarter worth $3,297,000. McIlrath & Eck LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the first quarter worth $490,000. Finally, Readystate Asset Management LP acquired a new stake in shares of iShares U.S. Healthcare ETF during the second quarter worth $543,000.

iShares U.S. Healthcare ETF Price Performance

NYSEARCA:IYH opened at $71.49 on Wednesday. The firm’s fifty day moving average price is $71.63 and its 200 day moving average price is $66.73. iShares U.S. Healthcare ETF has a 1-year low of $59.47 and a 1-year high of $74.59. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 21.05 and a beta of 0.56.

About iShares U.S. Healthcare ETF

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.