Koshinski Asset Management Cuts Stake in iShares U.S. Healthcare ETF

Koshinski Asset Management Inc. has reduced its holdings in the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 6.0% during the second quarter of 2023. The firm now owns 10,338 shares of the ETF after selling 655 shares within this period, according to a recent filing with the Securities and Exchange Commission (SEC). As of this filing, Koshinski’s stake in the ETF is valued at approximately $503,000.

Several other major investors have also adjusted their positions in the iShares U.S. Healthcare Providers ETF. Notably, Jones Financial Companies Lllp significantly increased its stake by 615.9% during the first quarter, now holding 175,412 shares valued at $9,262,000 after acquiring an additional 150,909 shares. Similarly, Mirae Asset Global Investments Co. Ltd. entered the ETF market during the second quarter with a new investment worth $3,016,000.

Additionally, Federation des caisses Desjardins du Quebec raised its stake by 11.9% in the first quarter, bringing its total to 152,896 shares valued at $8,073,000 following the purchase of 16,212 shares. Integrity Alliance LLC also made a new investment in the ETF, worth $715,000, during the first quarter. Furthermore, Grimes & Company Inc. increased its stake by 176.7% in the second quarter, now owning 18,350 shares valued at $893,000.

Current Performance of iShares U.S. Healthcare Providers ETF

As of Tuesday, the iShares U.S. Healthcare Providers ETF opened at $51.23, marking a 1.6% increase. The ETF has a market capitalization of approximately $832.49 million and a price-to-earnings (PE) ratio of 15.41. The fund’s volatility is indicated by a beta of 0.81. Over recent trading sessions, it has demonstrated a fifty-day simple moving average of $48.22 and a 200-day simple moving average of $47.67. The ETF has seen a fifty-two week low of $40.57 and a high of $55.91.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF primarily invests in equities within the healthcare sector. It tracks a cap-weighted index of companies providing healthcare services in the United States. Launched on May 1, 2006, the fund is managed by BlackRock, a global leader in investment management.

Investors can stay updated on the latest movements and filings related to the iShares U.S. Healthcare Providers ETF by visiting financial news platforms that specialize in investment insights.