Independent Advisor Alliance Purchases New Position in iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Independent Advisor Alliance purchased a new stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 3,703 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in iShares U.S. Healthcare ETF by 372.4% in the first quarter. Russell Investments Group Ltd. now owns 1,129 shares of the company’s stock valued at $70,000 after purchasing an additional 890 shares during the period. O Shaughnessy Asset Management LLC increased its stake in iShares U.S. Healthcare ETF by 400.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,375 shares of the company’s stock valued at $209,000 after purchasing an additional 2,700 shares during the period. Comerica Bank increased its stake in iShares U.S. Healthcare ETF by 269.8% in the first quarter. Comerica Bank now owns 7,622 shares of the company’s stock valued at $472,000 after purchasing an additional 5,561 shares during the period. Cetera Investment Advisers increased its stake in iShares U.S. Healthcare ETF by 1,301.3% in the first quarter. Cetera Investment Advisers now owns 186,455 shares of the company’s stock valued at $11,542,000 after purchasing an additional 173,149 shares during the period. Finally, Cetera Advisors LLC increased its stake in iShares U.S. Healthcare ETF by 1,161.8% in the first quarter. Cetera Advisors LLC now owns 100,114 shares of the company’s stock valued at $6,197,000 after purchasing an additional 92,180 shares during the period.

iShares U.S. Healthcare ETF Stock Performance

NYSEARCA IYH opened at $62.12 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 4.91 and a beta of 0.56. iShares U.S. Healthcare ETF has a one year low of $54.19 and a one year high of $66.59. The firm’s fifty day moving average is $63.04 and its two-hundred day moving average is $62.86.

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).