Pinnacle Associates Ltd. Sells 16,480 Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Pinnacle Associates Ltd. reduced its position in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 80.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,120 shares of the company’s stock after selling 16,480 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares U.S. Healthcare ETF were worth $268,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IYH. Valmark Advisers Inc. raised its holdings in shares of iShares U.S. Healthcare ETF by 5.4% in the third quarter. Valmark Advisers Inc. now owns 22,823 shares of the company’s stock worth $1,483,000 after buying an additional 1,166 shares during the period. J.W. Cole Advisors Inc. increased its stake in iShares U.S. Healthcare ETF by 11.8% in the third quarter. J.W. Cole Advisors Inc. now owns 30,326 shares of the company’s stock worth $1,971,000 after purchasing an additional 3,207 shares during the period. Outlook Wealth Advisors LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth $202,000. Blackston Financial Advisory Group LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth $874,000. Finally, Merkkuri Wealth Advisors LLC boosted its stake in shares of iShares U.S. Healthcare ETF by 11.3% during the third quarter. Merkkuri Wealth Advisors LLC now owns 28,223 shares of the company’s stock valued at $1,835,000 after purchasing an additional 2,875 shares during the period.

iShares U.S. Healthcare ETF Price Performance

IYH stock opened at $62.41 on Monday. iShares U.S. Healthcare ETF has a 12 month low of $51.96 and a 12 month high of $66.59. The firm’s 50-day moving average is $64.74 and its 200 day moving average is $62.57. The company has a market capitalization of $3.47 billion, a PE ratio of 4.91 and a beta of 0.56.

iShares U.S. Healthcare ETF Profile

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).