Sowell Financial Services LLC Acquires New Position in iShares U.S. Healthcare ETF $IYH

Sowell Financial Services LLC purchased a new stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,568 shares of the company’s stock, valued at approximately $899,000.

A number of other hedge funds have also modified their holdings of the stock. Hsbc Holdings PLC raised its stake in iShares U.S. Healthcare ETF by 1,008.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock worth $80,561,000 after acquiring an additional 1,125,886 shares in the last quarter. Royal Bank of Canada raised its position in iShares U.S. Healthcare ETF by 7.8% in the 1st quarter. Royal Bank of Canada now owns 899,816 shares of the company’s stock worth $55,466,000 after purchasing an additional 64,913 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of iShares U.S. Healthcare ETF by 8.7% during the first quarter. Kestra Advisory Services LLC now owns 421,205 shares of the company’s stock valued at $25,963,000 after acquiring an additional 33,731 shares during the period. Cetera Investment Advisers lifted its position in iShares U.S. Healthcare ETF by 6.2% during the 1st quarter. Cetera Investment Advisers now owns 206,074 shares of the company’s stock valued at $12,702,000 after purchasing an additional 12,038 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in iShares U.S. Healthcare ETF by 10.3% in the second quarter. Concurrent Investment Advisors LLC now owns 163,818 shares of the company’s stock valued at $10,977,000 after buying an additional 15,232 shares during the period.

iShares U.S. Healthcare ETF Stock Down 1.1%

Shares of iShares U.S. Healthcare ETF stock opened at $75.40 on Friday. The business has a fifty day simple moving average of $72.32 and a 200 day simple moving average of $67.45. iShares U.S. Healthcare ETF has a 12 month low of $59.63 and a 12 month high of $76.55. The stock has a market cap of $4.47 billion, a PE 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.