iShares U.S. Healthcare Providers ETF (NYSE:IHF) ranks 4th on our list of the best healthcare ETFs. iShares U.S. Healthcare Providers ETF (NYSE:IHF) aims to replicate the performance of the Dow Jones U.S. Select Healthcare Providers Index, consisting of U.S. equities in the healthcare providers sector. It offers exposure to companies in the United States providing healthinsurance, diagnostics, and specialized treatment. As of March 18, 2024, iShares U.S. Healthcare Providers ETF (NYSE:IHF) holds net assets totaling $836 million with an expense ratio of 0.40%. Its portfolio consists of 67 stocks.
Elevance Health, Inc. (NYSE:ELV) is one of the top holdings of the iShares U.S. Healthcare Providers ETF (NYSE:IHF). Elevance Health, Inc. (NYSE:ELV) is a health benefits company operating in the United States through four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. On January 30, the company declared a quarterly dividend of $1.63 per share quarterly dividend, a 10.1% increase from its prior dividend of $1.48. The dividend is payable on March 22, to shareholders on record as of March 8.
According to Insider Monkey’s fourth quarter database, 83 hedge funds were bullish on Elevance Health, Inc. (NYSE:ELV), same as the prior quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the leading stakeholder of the company, with 1.7 million shares worth $838.6 million.
ClearBridge Large Cap Value Strategy made the following comment about Elevance Health, Inc. (NYSE:ELV) in its Q3 2023 investor letter:
“Our health care positioning also fared well. We continue to maintain an overweight position to managed care companies via long-term holdings in UnitedHealth and Elevance Health, Inc. (NYSE:ELV), as we believe the short cycle nature of their insurance franchises allows them to reprice their book of business in a relatively short time frame, even if health care costs come in higher than previously anticipated.”
NYSE:IYHNYSE:IHFNYSE:VHTNYSE:XLVNYSE:RSPH12 Best Bond ETFs to Buy11 Best Dividend ETFs To Buy5 Best Healthcare ETFs To Buy NowiShares U.S. Healthcare ETF (NYSE:IYH)Health Care Select Sector SPDR Fund (NYSE:XLV)iShares U.S. Healthcare Providers ETF (NYSE:IHF)Vanguard Health Care Index Fund ETF Shares (NYSE:VHT)Show more...Show less
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Vanguard Health Care ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VHT is an excellent option for investors seeking exposure to the Health Care ETFs segment of the market.
The best time of day to buy stocks is usually in the morning, shortly after the market opens. Mondays and Fridays tend to be good days to trade stocks, while the middle of the week is less volatile.
Based on 407 Wall Street analysts offering 12 month price targets to VHT holdings in the last 3 months. The average price target is $302.81 with a high forecast of $353.46 and a low forecast of $248.87. The average price target represents a 19.53% change from the last price of $253.33.
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