iShares U.S. Healthcare ETF (NYSEARCA:IYH) Position Cut by Carnegie Investment Counsel

Carnegie Investment Counsel trimmed its stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 8.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,586 shares of the company’s stock after selling 999 shares during the quarter. Carnegie Investment Counsel’s holdings in iShares U.S. Healthcare ETF were worth $649,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Central Bank & Trust Co. bought a new stake in shares of iShares U.S. Healthcare ETF during the second quarter valued at about $254,000. Oakworth Capital Inc. raised its stake in shares of iShares U.S. Healthcare ETF by 0.3% during the second quarter. Oakworth Capital Inc. now owns 393,851 shares of the company’s stock valued at $24,131,000 after purchasing an additional 1,371 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the second quarter valued at about $31,000. Steele Capital Management Inc. raised its stake in shares of iShares U.S. Healthcare ETF by 7.4% during the second quarter. Steele Capital Management Inc. now owns 5,050 shares of the company’s stock valued at $309,000 after purchasing an additional 350 shares in the last quarter. Finally, Consolidated Capital Management LLC raised its stake in shares of iShares U.S. Healthcare ETF by 39.1% during the second quarter. Consolidated Capital Management LLC now owns 275,932 shares of the company’s stock valued at $16,906,000 after purchasing an additional 77,630 shares in the last quarter.

iShares U.S. Healthcare ETF Trading Down 0.1 %

NYSEARCA:IYH traded down $0.08 during mid-day trading on Wednesday, reaching $65.15. 31,673 shares of the stock were exchanged, compared to its average volume of 274,531. The business has a fifty day moving average price of $62.19 and a 200 day moving average price of $61.04. The firm has a market capitalization of $3.62 billion, a PE ratio of 4.91 and a beta of 0.56. iShares U.S. Healthcare ETF has a 1-year low of $51.27 and a 1-year high of $65.54.

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).