B. Riley Wealth Management Inc. Invests $342,000 in iShares U.S. Healthcare ETF (IYH) Stock

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B. Riley Wealth Management Inc. acquired a new position in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,688 shares of the company’s stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. grew its position in iShares U.S. Healthcare ETF by 520.8% in the 2nd quarter. Sei Investments Co. now owns 596 shares of the company’s stock worth $106,000 after purchasing an additional 500 shares during the last quarter. CIBC World Markets Inc. grew its position in iShares U.S. Healthcare ETF by 2.8% in the 2nd quarter. CIBC World Markets Inc. now owns 10,648 shares of the company’s stock worth $1,897,000 after purchasing an additional 285 shares during the last quarter. First Allied Advisory Services Inc. grew its position in iShares U.S. Healthcare ETF by 21.2% in the 2nd quarter. First Allied Advisory Services Inc. now owns 9,508 shares of the company’s stock worth $1,696,000 after purchasing an additional 1,661 shares during the last quarter. US Bancorp DE grew its position in iShares U.S. Healthcare ETF by 30.3% in the 2nd quarter. US Bancorp DE now owns 2,580 shares of the company’s stock worth $460,000 after purchasing an additional 600 shares during the last quarter. Finally, Stephens Inc. AR grew its position in iShares U.S. Healthcare ETF by 20.5% in the 2nd quarter. Stephens Inc. AR now owns 1,967 shares of the company’s stock worth $350,000 after purchasing an additional 335 shares during the last quarter.

iShares U.S. Healthcare ETF stock opened at $173.93 on Friday. iShares U.S. Healthcare ETF has a 12-month low of $166.89 and a 12-month high of $204.83.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Tuesday, December 18th were issued a $0.5756 dividend. The ex-dividend date was Monday, December 17th. This is a boost from iShares U.S. Healthcare ETF’s previous quarterly dividend of $0.51. This represents a $2.30 annualized dividend and a dividend yield of 1.32%.

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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).

Further Reading: Momentum Investing

Institutional Ownership by Quarter for iShares U.S. Healthcare ETF (NYSEARCA:IYH)

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