iShares U.S. Healthcare ETF $IYH Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 99.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,486 shares of the company’s stock after selling 1,225,003 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares U.S. Healthcare ETF were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd grew its stake in shares of iShares U.S. Healthcare ETF by 514.1% in the fourth quarter. FIL Ltd now owns 3,894,874 shares of the company’s stock worth $254,634,000 after purchasing an additional 3,260,654 shares in the last quarter. Morgan Stanley raised its position in shares of iShares U.S. Healthcare ETF by 3.1% during the 4th quarter. Morgan Stanley now owns 2,269,524 shares of the company’s stock worth $147,746,000 after buying an additional 68,418 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares U.S. Healthcare ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 1,506,483 shares of the company’s stock worth $98,072,000 after buying an additional 111,239 shares in the last quarter. UBS Group AG lifted its stake in shares of iShares U.S. Healthcare ETF by 11.0% in the 3rd quarter. UBS Group AG now owns 1,243,371 shares of the company’s stock worth $73,011,000 after acquiring an additional 122,982 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of iShares U.S. Healthcare ETF by 2.0% in the 3rd quarter. Raymond James Financial Inc. now owns 712,194 shares of the company’s stock worth $41,820,000 after acquiring an additional 13,803 shares during the period.

iShares U.S. Healthcare ETF Price Performance

iShares U.S. Healthcare ETF stock opened at $69.87 on Thursday. The firm has a 50 day simple moving average of $65.73 and a 200-day simple moving average of $64.22. The stock has a market capitalization of $3.49 billion, a PE ratio of 21.05 and a beta of 0.58. iShares U.S. Healthcare ETF has a 12-month low of $53.94 and a 12-month high of $70.78.

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). 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.