MAI Capital Management Reduces Stock Position in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

MAI Capital Management reduced its stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,562 shares of the company’s stock after selling 713 shares during the quarter. MAI Capital Management owned approximately 0.12% of iShares U.S. Healthcare Providers ETF worth $1,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IHF. Cape Investment Advisory Inc. increased its holdings in shares of iShares U.S. Healthcare Providers ETF by 400.0% during the first quarter. Cape Investment Advisory Inc. now owns 715 shares of the company’s stock valued at $39,000 after acquiring an additional 572 shares in the last quarter. Financial Gravity Asset Management Inc. increased its stake in iShares U.S. Healthcare Providers ETF by 2,953.3% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 916 shares of the company’s stock worth $48,000 after buying an additional 886 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the second quarter worth $56,000. GPS Wealth Strategies Group LLC bought a new stake in iShares U.S. Healthcare Providers ETF in the 2nd quarter worth approximately $65,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the 1st quarter valued at about $71,000.

iShares U.S. Healthcare Providers ETF Trading Up 0.8 %

iShares U.S. Healthcare Providers ETF stock opened at $53.42 on Friday. The firm has a market capitalization of $795.96 million, a PE ratio of 4.28 and a beta of 0.47. The firm has a 50-day moving average price of $54.83 and a 200-day moving average price of $54.44. iShares U.S. Healthcare Providers ETF has a 12-month low of $49.90 and a 12-month high of $58.94.

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.