Ballast Inc. Acquires New Stake in iShares U.S. Healthcare Providers ETF $IHF

Ballast Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,220 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the second quarter worth about $26,000. IFP Advisors Inc increased its position in iShares U.S. Healthcare Providers ETF by 200.0% during the 1st quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $40,000 after purchasing an additional 500 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter worth approximately $56,000. Wayfinding Financial LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter valued at approximately $95,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the first quarter valued at approximately $97,000.

iShares U.S. Healthcare Providers ETF Price Performance

Shares of IHF stock opened at $50.41 on Monday. The business’s fifty day moving average price is $48.04 and its 200 day moving average price is $47.67. The firm has a market capitalization of $819.16 million, a PE ratio of 15.41 and a beta of 0.81. iShares U.S. Healthcare Providers ETF has a 1-year low of $40.57 and a 1-year high of $55.91.

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.