Royal Bank of Canada Grows Stock Holdings in iShares U.S. Healthcare Providers ETF $IHF

Royal Bank of Canada increased its stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 15.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 574,425 shares of the company’s stock after acquiring an additional 78,235 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Healthcare Providers ETF were worth $24,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IHF. BNP Paribas Financial Markets acquired a new position in iShares U.S. Healthcare Providers ETF in the third quarter valued at approximately $24,695,000. Quadrature Capital Ltd purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter valued at approximately $13,105,000. UBS Group AG lifted its stake in iShares U.S. Healthcare Providers ETF by 78.5% during the third quarter. UBS Group AG now owns 264,303 shares of the company’s stock worth $13,054,000 after purchasing an additional 116,242 shares in the last quarter. Sather Financial Group Inc boosted its holdings in iShares U.S. Healthcare Providers ETF by 11.9% during the 1st quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock valued at $42,579,000 after acquiring an additional 108,457 shares during the period. Finally, Element Pointe Advisors LLC boosted its stake in shares of iShares U.S. Healthcare Providers ETF by 28.4% in the fourth quarter. Element Pointe Advisors LLC now owns 405,626 shares of the company’s stock valued at $19,447,000 after purchasing an additional 89,723 shares during the period.

iShares U.S. Healthcare Providers ETF Stock Up 0.2%

NYSEARCA:IHF opened at $56.55 on Thursday. iShares U.S. Healthcare Providers ETF has a 52 week low of $40.85 and a 52 week high of $58.30. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72. The company has a fifty day simple moving average of $54.87 and a two-hundred day simple moving average of $49.23.

iShares U.S. Healthcare Providers ETF Profile

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.