Bank of America Corp DE Sells 11,488 Shares of iShares U.S. Healthcare ETF $IYH

Bank of America Corp DE trimmed its stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,529,508 shares of the company’s stock after selling 11,488 shares during the period. Bank of America Corp DE’s holdings in iShares U.S. Healthcare ETF were worth $94,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IYH. Simplex Trading LLC bought a new stake in iShares U.S. Healthcare ETF during the fourth quarter valued at about $28,000. Quadrant Capital Group LLC bought a new position in iShares U.S. Healthcare ETF in the fourth quarter worth about $29,000. Investment Counsel Co. of Nevada bought a new position in iShares U.S. Healthcare ETF in the fourth quarter worth about $34,000. Bayban bought a new position in iShares U.S. Healthcare ETF in the fourth quarter worth about $42,000. Finally, Entrust Financial LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at about $50,000.

iShares U.S. Healthcare ETF Stock Performance

NYSEARCA:IYH opened at $70.00 on Friday. iShares U.S. Healthcare ETF has a fifty-two week low of $54.50 and a fifty-two week high of $70.78. The stock has a market capitalization of $3.54 billion, a P/E ratio of 21.05 and a beta of 0.57. The company’s 50-day simple moving average is $66.57 and its 200-day simple moving average is $64.37.

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.