Transcend Capital Advisors LLC Invests $270,000 in iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Transcend Capital Advisors LLC acquired a new stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) in the second quarter, Holdings Channel reports. The institutional investor acquired 4,407 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co grew its holdings in shares of iShares U.S. Healthcare ETF by 360.0% in the 1st quarter. CENTRAL TRUST Co now owns 460 shares of the company’s stock valued at $28,000 after buying an additional 360 shares during the period. FAS Wealth Partners Inc. lifted its holdings in iShares U.S. Healthcare ETF by 550.0% during the first quarter. FAS Wealth Partners Inc. now owns 455 shares of the company’s stock worth $28,000 after acquiring an additional 385 shares in the last quarter. Rise Advisors LLC grew its stake in iShares U.S. Healthcare ETF by 403.3% in the first quarter. Rise Advisors LLC now owns 463 shares of the company’s stock valued at $29,000 after acquiring an additional 371 shares during the period. Bellevue Asset Management LLC increased its holdings in shares of iShares U.S. Healthcare ETF by 400.0% in the first quarter. Bellevue Asset Management LLC now owns 500 shares of the company’s stock worth $31,000 after acquiring an additional 400 shares in the last quarter. Finally, LifeSteps Financial Inc. acquired a new stake in shares of iShares U.S. Healthcare ETF during the first quarter worth about $31,000.

iShares U.S. Healthcare ETF Stock Down 2.2 %

Shares of IYH traded down $1.41 on Monday, hitting $61.93. The company’s stock had a trading volume of 238,690 shares, compared to its average volume of 281,796. The firm’s fifty day moving average price is $61.51 and its 200-day moving average price is $60.64. iShares U.S. Healthcare ETF has a fifty-two week low of $51.27 and a fifty-two week high of $63.68. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 4.91 and a beta of 0.56.

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).