Kovack Advisors Inc. Increases Stock Position in iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Kovack Advisors Inc. boosted its holdings in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 400.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,912 shares of the company’s stock after acquiring an additional 10,330 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares U.S. Healthcare ETF were worth $799,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IYH. Rise Advisors LLC increased its holdings in shares of iShares U.S. Healthcare ETF by 403.3% in the 1st quarter. Rise Advisors LLC now owns 463 shares of the company’s stock valued at $29,000 after acquiring an additional 371 shares during the period. Compass Wealth Management LLC boosted its position in iShares U.S. Healthcare ETF by 400.0% during the first quarter. Compass Wealth Management LLC now owns 575 shares of the company’s stock valued at $36,000 after purchasing an additional 460 shares in the last quarter. Pacifica Partners Inc. grew its stake in iShares U.S. Healthcare ETF by 1,884.4% in the first quarter. Pacifica Partners Inc. now owns 635 shares of the company’s stock valued at $39,000 after purchasing an additional 603 shares during the last quarter. Tidemark LLC purchased a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at about $40,000. Finally, Redmont Wealth Advisors LLC bought a new position in iShares U.S. Healthcare ETF in the first quarter worth about $40,000.

iShares U.S. Healthcare ETF Stock Performance

IYH stock opened at $60.29 on Friday. iShares U.S. Healthcare ETF has a one year low of $51.27 and a one year high of $62.18. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 4.91 and a beta of 0.56. The firm has a 50-day simple moving average of $60.54 and a two-hundred day simple moving average of $59.92.

iShares U.S. Healthcare ETF Company 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).