Townsend Asset Management Corp NC ADV Makes New Investment in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

Townsend Asset Management Corp NC ADV purchased a new stake in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,475 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. grew its holdings in shares of iShares U.S. Healthcare Providers ETF by 3.0% in the 4th quarter. Principal Securities Inc. now owns 10,058 shares of the company’s stock worth $483,000 after acquiring an additional 289 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter valued at $830,000. PCG Asset Management LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $222,000. Jones Financial Companies Lllp increased its stake in iShares U.S. Healthcare Providers ETF by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 24,503 shares of the company’s stock worth $1,176,000 after purchasing an additional 5,979 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in iShares U.S. Healthcare Providers ETF by 3.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,355 shares of the company’s stock worth $497,000 after buying an additional 378 shares during the period.

iShares U.S. Healthcare Providers ETF Trading Up 0.3%

IHF stock opened at $47.74 on Thursday. iShares U.S. Healthcare Providers ETF has a one year low of $44.62 and a one year high of $58.94. The firm has a 50-day moving average of $48.96 and a two-hundred day moving average of $50.40. The firm has a market capitalization of $661.20 million, a PE ratio of 19.54 and a beta of 0.69.

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.