Summit Financial LLC Sells 2,659 Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Summit Financial LLC trimmed its holdings in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,507 shares of the company’s stock after selling 2,659 shares during the quarter. Summit Financial LLC’s holdings in iShares U.S. Healthcare ETF were worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IYH. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Healthcare ETF in the fourth quarter worth $42,676,000. Commonwealth Equity Services LLC lifted its stake in iShares U.S. Healthcare ETF by 22.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 474,482 shares of the company’s stock worth $27,648,000 after purchasing an additional 86,007 shares in the last quarter. Glenview Trust co lifted its stake in iShares U.S. Healthcare ETF by 241.8% in the 4th quarter. Glenview Trust co now owns 104,940 shares of the company’s stock worth $6,115,000 after purchasing an additional 74,236 shares in the last quarter. B&D White Capital Company LLC bought a new position in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at about $3,723,000. Finally, Hardy Reed LLC purchased a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at about $2,156,000.

iShares U.S. Healthcare ETF Trading Up 0.6 %

NYSEARCA:IYH opened at $60.17 on Thursday. The business’s 50-day moving average is $61.50 and its 200 day moving average is $61.67. iShares U.S. Healthcare ETF has a 12 month low of $57.38 and a 12 month high of $66.59. The company has a market capitalization of $3.16 billion, a P/E ratio of 29.33 and a beta of 0.69.

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).