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

Koshinski Asset Management Inc. has decreased its holdings in the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 6.0% during the second quarter of 2023, according to a recent filing with the Securities and Exchange Commission. The asset management firm now owns 10,338 shares after selling 655 shares, with the total value of its investment amounting to approximately $503,000.

Several other institutional investors have also made adjustments to their positions in the iShares U.S. Healthcare Providers ETF. For instance, Jones Financial Companies Lllp significantly increased its stake by an impressive 615.9% in the first quarter, acquiring an additional 150,909 shares to bring its total holdings to 175,412 shares, valued at around $9,262,000.

In the same quarter, Mirae Asset Global Investments Co. Ltd. entered a new position in the ETF, investing approximately $3,016,000. Additionally, the Federation des caisses Desjardins du Quebec boosted its stake by 11.9%, now owning 152,896 shares worth approximately $8,073,000 after acquiring 16,212 shares. Integrity Alliance LLC also initiated a new stake valued at $715,000 during this period.

Another noteworthy change came from Grimes & Company Inc., which increased its ownership by 176.7% in the second quarter, now holding 18,350 shares valued at $893,000 following the acquisition of 11,719 shares.

Market Performance and Overview

As of Tuesday, the iShares U.S. Healthcare Providers ETF opened at $51.23, reflecting a slight increase of 1.6%. The fund currently has a market capitalization of $832.49 million, a price-to-earnings ratio of 15.41, and a beta of 0.81. Its performance over the past year has seen a fifty-two week low of $40.57 and a high of $55.91. The fund’s fifty-day simple moving average stands at $48.22, while the two-hundred-day average is at $47.67.

The iShares U.S. Healthcare Providers ETF, launched on May 1, 2006, is managed by BlackRock and primarily invests in equities within the healthcare sector. The ETF tracks a cap-weighted index of U.S. companies providing healthcare services, making it a critical component for investors focused on the healthcare industry.

For those interested in tracking the latest movements and investments related to the iShares U.S. Healthcare Providers ETF, resources such as HoldingsChannel.com offer insights into 13F filings and insider trades. Additionally, MarketBeat.com provides a daily summary of news and analysts’ ratings for the ETF and related companies.