Royal Bank of Canada Raises Stock Position in iShares U.S. Healthcare ETF $IYH

Royal Bank of Canada boosted its holdings in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 7.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 899,816 shares of the company’s stock after buying an additional 64,913 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Healthcare ETF were worth $55,466,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IYH. Apella Capital LLC acquired a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter valued at $1,053,000. Summit Financial Consulting LLC purchased a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter valued at about $7,151,000. AE Wealth Management LLC lifted its stake in iShares U.S. Healthcare ETF by 9,109.8% in the fourth quarter. AE Wealth Management LLC now owns 91,914 shares of the company’s stock valued at $5,984,000 after buying an additional 90,916 shares during the last quarter. Apollon Wealth Management LLC grew its position in iShares U.S. Healthcare ETF by 152.1% during the 4th quarter. Apollon Wealth Management LLC now owns 13,578 shares of the company’s stock worth $884,000 after purchasing an additional 8,192 shares during the last quarter. Finally, Gerald Baker Financial Group LLC purchased a new position in shares of iShares U.S. Healthcare ETF during the first quarter worth about $3,539,000.

iShares U.S. Healthcare ETF Price Performance

iShares U.S. Healthcare ETF stock opened at $68.34 on Friday. The stock has a market capitalization of $3.44 billion, a PE ratio of 21.05 and a beta of 0.58. The business has a 50 day simple moving average of $65.96 and a 200-day simple moving average of $64.26. iShares U.S. Healthcare ETF has a 12 month low of $53.94 and a 12 month high of $70.78.

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). 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.