Royal Fund Management LLC Sells 16,375 Shares of iShares U.S. Healthcare ETF $IYH

Royal Fund Management LLC lowered its position in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 76.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,070 shares of the company’s stock after selling 16,375 shares during the period. Royal Fund Management LLC’s holdings in iShares U.S. Healthcare ETF were worth $298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RMG Wealth Management LLC acquired a new stake in iShares U.S. Healthcare ETF during the 2nd quarter valued at $28,000. Financial Perspectives Inc bought a new stake in shares of iShares U.S. Healthcare ETF during the second quarter worth $30,000. SJS Investment Consulting Inc. acquired a new stake in shares of iShares U.S. Healthcare ETF in the third quarter valued at $36,000. Assetmark Inc. raised its holdings in shares of iShares U.S. Healthcare ETF by 98.4% in the second quarter. Assetmark Inc. now owns 734 shares of the company’s stock valued at $41,000 after buying an additional 364 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of iShares U.S. Healthcare ETF in the second quarter valued at about $45,000.

iShares U.S. Healthcare ETF Stock Down 0.7%

Shares of NYSEARCA:IYH opened at $65.47 on Tuesday. iShares U.S. Healthcare ETF has a 12 month low of $53.35 and a 12 month high of $67.63. The company’s 50-day moving average price is $65.25 and its two-hundred day moving average price is $60.68. The firm has a market cap of $3.56 billion, a P/E ratio of 21.05 and a beta of 0.65.

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). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.