Redmont Wealth Advisors LLC Makes New Investment in iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Redmont Wealth Advisors LLC bought a new position in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 645 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC raised its stake in iShares U.S. Healthcare ETF by 403.3% in the 1st quarter. Rise Advisors LLC now owns 463 shares of the company’s stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Compass Wealth Management LLC raised its position in shares of iShares U.S. Healthcare ETF by 400.0% in the 1st quarter. Compass Wealth Management LLC now owns 575 shares of the company’s stock valued at $36,000 after purchasing an additional 460 shares in the last quarter. Pacifica Partners Inc. raised its position in shares of iShares U.S. Healthcare ETF by 1,884.4% in the 1st quarter. Pacifica Partners Inc. now owns 635 shares of the company’s stock valued at $39,000 after purchasing an additional 603 shares in the last quarter. Tidemark LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $40,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $45,000.

iShares U.S. Healthcare ETF Stock Down 0.7 %

NYSEARCA IYH traded down $0.42 during trading hours on Wednesday, hitting $60.29. The company had a trading volume of 78,907 shares, compared to its average volume of 297,498. iShares U.S. Healthcare ETF has a fifty-two week low of $51.27 and a fifty-two week high of $62.18. The business has a fifty day simple moving average of $60.52 and a 200-day simple moving average of $59.91. The firm has a market cap of $3.35 billion, a P/E ratio of 4.91 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).