LPL Financial LLC Has $14.09 Million Position in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

LPL Financial LLC cut its holdings in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,827 shares of the company’s stock after selling 25,927 shares during the quarter. LPL Financial LLC owned about 2.11% of iShares U.S. Healthcare Providers ETF worth $14,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in iShares U.S. Healthcare Providers ETF by 4.9% in the 1st quarter. Cetera Investment Advisers now owns 125,474 shares of the company’s stock valued at $6,625,000 after acquiring an additional 5,876 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of iShares U.S. Healthcare Providers ETF by 13.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 78,704 shares of the company’s stock worth $4,156,000 after buying an additional 9,143 shares during the period. IFP Advisors Inc boosted its holdings in iShares U.S. Healthcare Providers ETF by 200.0% in the 1st quarter. IFP Advisors Inc now owns 750 shares of the company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. V2 Financial group LLC bought a new stake in iShares U.S. Healthcare Providers ETF in the 1st quarter valued at about $211,000. Finally, Cerity Partners LLC lifted its holdings in shares of iShares U.S. Healthcare Providers ETF by 65.0% during the 1st quarter. Cerity Partners LLC now owns 13,067 shares of the company’s stock worth $690,000 after acquiring an additional 5,148 shares during the period.

iShares U.S. Healthcare Providers ETF Stock Performance

NYSEARCA:IHF opened at $41.33 on Thursday. The firm’s fifty day moving average is $45.64 and its 200-day moving average is $49.18. iShares U.S. Healthcare Providers ETF has a 52 week low of $40.57 and a 52 week high of $58.94. The firm has a market cap of $551.76 million, a P/E ratio of 15.41 and a beta of 0.81.

About iShares U.S. Healthcare Providers ETF

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.