Bank of America Corp DE Sells 31,705 Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

Bank of America Corp DE decreased its holdings in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,633 shares of the company’s stock after selling 31,705 shares during the quarter. Bank of America Corp DE owned approximately 2.59% of iShares U.S. Healthcare Providers ETF worth $18,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 95.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 228,913 shares of the company’s stock worth $10,986,000 after buying an additional 111,940 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $4,834,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $2,466,000. King Wealth Management Group bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $960,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the fourth quarter valued at approximately $830,000.

iShares U.S. Healthcare Providers ETF Trading Up 1.0%

Shares of NYSEARCA IHF opened at $49.08 on Wednesday. The firm has a market cap of $620.86 million, a P/E ratio of 19.40 and a beta of 0.74. The business’s 50 day moving average is $51.11 and its 200-day moving average is $51.32. iShares U.S. Healthcare Providers ETF has a 1-year low of $44.62 and a 1-year high of $58.94.

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.