Brown Advisory Inc. Invests $848,000 in iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Brown Advisory Inc. bought a new position in iShares U.S. Healthcare ETF (NYSEARCA:IYH) during the first quarter, according to its most recent filing with the SEC. The firm bought 13,920 shares of the company’s stock, valued at approximately $848,000.

A number of other large investors also recently modified their holdings of IYH. Sequoia Financial Advisors LLC purchased a new position in shares of iShares U.S. Healthcare ETF in the 1st quarter worth about $280,000. NBC Securities Inc. raised its stake in iShares U.S. Healthcare ETF by 135,400.0% in the 1st quarter. NBC Securities Inc. now owns 2,710 shares of the company’s stock valued at $165,000 after acquiring an additional 2,708 shares during the period. Oppenheimer & Co. Inc. raised its stake in iShares U.S. Healthcare ETF by 29.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,324 shares of the company’s stock valued at $629,000 after acquiring an additional 2,330 shares during the period. Farther Finance Advisors LLC increased its position in shares of iShares U.S. Healthcare ETF by 112.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,073 shares of the company’s stock valued at $179,000 after buying an additional 1,628 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of iShares U.S. Healthcare ETF by 13.2% in the fourth quarter. Focus Partners Wealth now owns 7,333 shares of the company’s stock worth $427,000 after buying an additional 854 shares in the last quarter.

iShares U.S. Healthcare ETF Trading Up 0.0%

Shares of iShares U.S. Healthcare ETF stock opened at $56.71 on Tuesday. iShares U.S. Healthcare ETF has a 12-month low of $53.35 and a 12-month high of $66.59. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 21.05 and a beta of 0.71. The company’s 50-day moving average price is $55.99 and its 200-day moving average price is $58.50.

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).