Castle Rock Wealth Management LLC Makes New $2.42 Million Investment in iShares U.S. Healthcare ETF $IYH

Castle Rock Wealth Management LLC purchased a new stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 34,277 shares of the company’s stock, valued at approximately $2,422,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gerald Baker Financial Group LLC boosted its position in shares of iShares U.S. Healthcare ETF by 1.2% in the third quarter. Gerald Baker Financial Group LLC now owns 80,522 shares of the company’s stock worth $5,762,000 after buying an additional 989 shares during the period. Acropolis Investment Management LLC purchased a new stake in iShares U.S. Healthcare ETF in the 3rd quarter worth about $648,000. First Heartland Consultants Inc. acquired a new stake in iShares U.S. Healthcare ETF during the 3rd quarter worth about $242,000. Apella Capital LLC boosted its position in iShares U.S. Healthcare ETF by 2.3% during the 3rd quarter. Apella Capital LLC now owns 17,096 shares of the company’s stock worth $1,219,000 after acquiring an additional 387 shares during the period. Finally, Rhodes Investment Advisors Inc. ADV purchased a new position in iShares U.S. Healthcare ETF during the 3rd quarter valued at about $252,000.

iShares U.S. Healthcare ETF Stock Up 1.7%

Shares of IYH traded up $1.22 during trading hours on Friday, reaching $72.14. The company’s stock had a trading volume of 931,134 shares, compared to its average volume of 785,714. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 21.05 and a beta of 0.56. The company has a 50 day moving average of $71.40 and a two-hundred day moving average of $66.50. iShares U.S. Healthcare ETF has a 1-year low of $59.47 and a 1-year high of $74.59.

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). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.