Drive Wealth Management LLC Trims Stock Position in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

Drive Wealth Management LLC cut its stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,065 shares of the company’s stock after selling 961 shares during the period. Drive Wealth Management LLC owned approximately 0.07% of iShares U.S. Healthcare Providers ETF worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the fourth quarter worth $29,000. WFA of San Diego LLC grew its position in shares of iShares U.S. Healthcare Providers ETF by 49.3% in the 3rd quarter. WFA of San Diego LLC now owns 911 shares of the company’s stock valued at $52,000 after buying an additional 301 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth about $63,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth approximately $202,000. Finally, Tlwm purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth approximately $216,000.

iShares U.S. Healthcare Providers ETF Stock Performance

Shares of iShares U.S. Healthcare Providers ETF stock opened at $51.90 on Monday. iShares U.S. Healthcare Providers ETF has a 1 year low of $47.21 and a 1 year high of $58.94. The company’s fifty day moving average is $50.75 and its two-hundred day moving average is $53.87. The company has a market capitalization of $773.31 million, a P/E ratio of 4.28 and a beta of 0.47.

About iShares U.S. Healthcare Providers ETF

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.