Kovack Advisors Inc. Buys 10,330 Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Kovack Advisors Inc. boosted its stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 400.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,912 shares of the company’s stock after purchasing an additional 10,330 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Healthcare ETF were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Butensky & Cohen Financial Security Inc. boosted its stake in shares of iShares U.S. Healthcare ETF by 335.5% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 4,085 shares of the company’s stock worth $253,000 after buying an additional 3,147 shares during the last quarter. Objective Capital Management LLC bought a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at about $222,000. Goldman Sachs Group Inc. boosted its position in iShares U.S. Healthcare ETF by 3.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 185,810 shares of the company’s stock worth $53,186,000 after purchasing an additional 6,073 shares during the last quarter. Red Door Wealth Management LLC grew its stake in shares of iShares U.S. Healthcare ETF by 400.0% during the 1st quarter. Red Door Wealth Management LLC now owns 5,235 shares of the company’s stock valued at $324,000 after purchasing an additional 4,188 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of iShares U.S. Healthcare ETF by 425.1% during the 1st quarter. Park Avenue Securities LLC now owns 36,251 shares of the company’s stock valued at $2,244,000 after purchasing an additional 29,347 shares during the last quarter.

iShares U.S. Healthcare ETF Stock Down 0.7 %

Shares of NYSEARCA:IYH opened at $60.29 on Friday. The stock has a market capitalization of $3.35 billion, a PE ratio of 4.91 and a beta of 0.56. The firm’s 50 day moving average price is $60.54 and its 200-day moving average price is $59.92. iShares U.S. Healthcare ETF has a twelve month low of $51.27 and a twelve month high of $62.18.

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).