Envestnet Asset Management Inc. Sells 67,224 Shares of iShares U.S. Healthcare Providers ETF $IHF

Envestnet Asset Management Inc. reduced its position in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 30.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 152,324 shares of the company’s stock after selling 67,224 shares during the period. Envestnet Asset Management Inc. owned about 0.96% of iShares U.S. Healthcare Providers ETF worth $7,523,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IHF. Sather Financial Group Inc bought a new stake in shares of iShares U.S. Healthcare Providers ETF in the 3rd quarter worth $42,377,000. Joseph Group Capital Management bought a new stake in iShares U.S. Healthcare Providers ETF in the 2nd quarter worth about $3,569,000. FDx Advisors Inc. purchased a new position in iShares U.S. Healthcare Providers ETF in the 3rd quarter worth about $2,303,000. Cordatus Wealth Management LLC purchased a new position in iShares U.S. Healthcare Providers ETF in the 2nd quarter worth about $1,704,000. Finally, Prospera Financial Services Inc lifted its stake in iShares U.S. Healthcare Providers ETF by 658.3% during the 2nd quarter. Prospera Financial Services Inc now owns 40,350 shares of the company’s stock valued at $1,963,000 after acquiring an additional 35,029 shares during the period.

iShares U.S. Healthcare Providers ETF Stock Down 0.4%

Shares of IHF stock opened at $46.04 on Friday. The company has a 50 day moving average price of $47.56 and a 200-day moving average price of $47.94. iShares U.S. Healthcare Providers ETF has a 52 week low of $40.57 and a 52 week high of $54.93. The firm has a market capitalization of $743.55 million, a PE ratio of 15.41 and a beta of 0.70.

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.