Joseph Group Capital Management Takes Position in iShares U.S. Healthcare Providers ETF $IHF

Joseph Group Capital Management acquired a new position in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 73,358 shares of the company’s stock, valued at approximately $3,569,000. iShares U.S. Healthcare Providers ETF makes up 1.2% of Joseph Group Capital Management’s holdings, making the stock its 28th largest holding. Joseph Group Capital Management owned 0.55% of iShares U.S. Healthcare Providers ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in iShares U.S. Healthcare Providers ETF by 615.9% during the first quarter. Jones Financial Companies Lllp now owns 175,412 shares of the company’s stock valued at $9,262,000 after acquiring an additional 150,909 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares U.S. Healthcare Providers ETF in the second quarter worth $3,016,000. Prospera Financial Services Inc increased its holdings in shares of iShares U.S. Healthcare Providers ETF by 658.3% in the second quarter. Prospera Financial Services Inc now owns 40,350 shares of the company’s stock worth $1,963,000 after buying an additional 35,029 shares during the period. Lifeworks Advisors LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the second quarter worth about $933,000. Finally, Federation des caisses Desjardins du Quebec lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 11.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 152,896 shares of the company’s stock valued at $8,073,000 after acquiring an additional 16,212 shares during the last quarter.

iShares U.S. Healthcare Providers ETF Stock Performance

Shares of iShares U.S. Healthcare Providers ETF stock opened at $48.22 on Monday. The company’s 50 day moving average price is $49.28 and its 200-day moving average price is $47.41. iShares U.S. Healthcare Providers ETF has a 52-week low of $40.57 and a 52-week high of $55.91. The stock has a market capitalization of $769.11 million, a price-to-earnings ratio of 15.41 and a beta of 0.70.

iShares U.S. Healthcare Providers ETF Company 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.