Hardy Reed LLC Makes New Investment in iShares U.S. Healthcare ETF (NYSEARCA:IYH)

Hardy Reed LLC purchased a new position in iShares U.S. Healthcare ETF (NYSEARCA:IYH) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 37,000 shares of the company’s stock, valued at approximately $2,156,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth about $32,000. Truvestments Capital LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth about $32,000. Brown Brothers Harriman & Co. purchased a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth about $58,000. Finally, Outlook Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth about $202,000.

iShares U.S. Healthcare ETF Trading Up 1.2 %

NYSEARCA:IYH opened at $61.54 on Thursday. iShares U.S. Healthcare ETF has a 12-month low of $57.38 and a 12-month high of $66.59. The stock has a 50-day moving average price of $60.08 and a 200 day moving average price of $62.40. The stock has a market capitalization of $3.17 billion, a P/E ratio of 30.56 and a beta of 0.70.

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).