Salem Investment Counselors Inc. Boosts Stake in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)

Salem Investment Counselors Inc. grew its position in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 483.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,750 shares of the company’s stock after acquiring an additional 1,450 shares during the period. Salem Investment Counselors Inc.’s holdings in iShares U.S. Healthcare Providers ETF were worth $95,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cutler Group LLC CA boosted its position in shares of iShares U.S. Healthcare Providers ETF by 200.0% in the 4th quarter. Cutler Group LLC CA now owns 100 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter worth approximately $27,000. National Bank of Canada FI boosted its position in shares of iShares U.S. Healthcare Providers ETF by 69.4% in the 4th quarter. National Bank of Canada FI now owns 244 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares in the last quarter. Capital Analysts LLC bought a new stake in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter worth approximately $120,000. Finally, SOA Wealth Advisors LLC. boosted its position in shares of iShares U.S. Healthcare Providers ETF by 400.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter.

iShares U.S. Healthcare Providers ETF Trading Up 0.2 %

IHF stock opened at $52.12 on Monday. The stock has a market capitalization of $776.59 million, a PE ratio of 4.28 and a beta of 0.47. iShares U.S. Healthcare Providers ETF has a 12-month low of $48.58 and a 12-month high of $54.72. The stock’s 50 day simple moving average is $52.35 and its 200 day simple moving average is $52.65.

About iShares U.S. Healthcare Providers ETF

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.