Sowell Financial Services LLC Makes New Investment in iShares U.S. Healthcare Providers ETF $IHF

Sowell Financial Services LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,306 shares of the company’s stock, valued at approximately $1,115,000.

Other hedge funds have also recently modified their holdings of the company. TOP Private Wealth LLC. bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter valued at $41,000. Mondrian Investment Partners LTD bought a new position in shares of iShares U.S. Healthcare Providers ETF in the 3rd quarter worth about $44,000. Ascentis Independent Advisors bought a new position in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter worth about $36,000. Western Wealth Management LLC purchased a new position in iShares U.S. Healthcare Providers ETF during the 1st quarter valued at about $46,000. Finally, RMG Wealth Management LLC purchased a new position in iShares U.S. Healthcare Providers ETF during the 1st quarter valued at about $49,000.

iShares U.S. Healthcare Providers ETF Price Performance

NYSEARCA:IHF opened at $59.94 on Friday. iShares U.S. Healthcare Providers ETF has a one year low of $40.85 and a one year high of $60.97. The company’s 50-day simple moving average is $57.28 and its 200 day simple moving average is $51.64. The firm has a market capitalization of $1.46 billion, a P/E ratio of 15.41 and a beta of 0.72.

iShares U.S. Healthcare Providers ETF Profile

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.