Leuthold Group LLC Buys 45,746 Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

Leuthold Group LLC boosted its stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 427.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,445 shares of the company’s stock after acquiring an additional 45,746 shares during the quarter. Leuthold Group LLC owned approximately 0.36% of iShares U.S. Healthcare Providers ETF worth $3,079,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Meritage Portfolio Management bought a new stake in iShares U.S. Healthcare Providers ETF during the 1st quarter worth about $6,924,000. Raymond James Financial Services Advisors Inc. lifted its position in iShares U.S. Healthcare Providers ETF by 396.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 82,591 shares of the company’s stock valued at $4,505,000 after purchasing an additional 65,964 shares during the period. Commonwealth Equity Services LLC lifted its position in iShares U.S. Healthcare Providers ETF by 389.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 81,432 shares of the company’s stock valued at $4,441,000 after purchasing an additional 64,797 shares during the period. Mason & Associates Inc lifted its position in iShares U.S. Healthcare Providers ETF by 432.3% during the 1st quarter. Mason & Associates Inc now owns 76,227 shares of the company’s stock valued at $4,157,000 after purchasing an additional 61,908 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in iShares U.S. Healthcare Providers ETF during the 4th quarter valued at about $14,821,000.

iShares U.S. Healthcare Providers ETF Stock Performance

iShares U.S. Healthcare Providers ETF stock traded up $0.72 during trading hours on Friday, reaching $53.19. 36,798 shares of the company’s stock traded hands, compared to its average volume of 89,792. iShares U.S. Healthcare Providers ETF has a fifty-two week low of $48.58 and a fifty-two week high of $54.72. The firm has a market capitalization of $792.53 million, a price-to-earnings ratio of 4.28 and a beta of 0.47. The firm’s 50 day moving average is $52.41 and its 200-day moving average is $52.63.

iShares U.S. Healthcare Providers ETF 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.