ETF Explainer: IHF

A health care provider ETF had a wild 12-month ride.

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Reviewed by: Heather Bell
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Edited by: Heather Bell
iShares U.S. Healthcare Providers ETF

Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $883 million iShares U.S. Healthcare Providers ETF (IHF), which covers U.S. companies offering health care services. All the companies mentioned below are holdings in IHF, unless otherwise noted (*).

 

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JAN 30 Anthem exceeds expectations for its fourth-quarter revenue and earnings, and issues a better-than-expected earnings forecast, boosting its stock significantly.

FEB 20 CVS’ stock price plunges after the company issues a lower-thanexpected earnings forecast for 2019. The expectations suggest CVS is still dealing with the challenges of its Aetna acquisition

APR 16 HCA Healthcare’s share price sinks more than 10% on worries that Medicare-for-all legislation promoted by multiple presidential candidates could damage the company’s future.

JUL 11 UnitedHealth Group’s stock rises more than 5% after the Trump administration walks back its proposed plan to halt the rebates paid to insurance companies by drugmakers.

SEP 5 Cigna announces a plan to fully cover gene therapy treatments and provide increased access for its members to the expensive therapies, sparking a multiday increase in its stock price.

NOV 6 Humana reports strong third-quarter results, exceeding analyst expectations, and says the layoffs of 800 employees announced previously were part of a cost-saving effort.

Source: Bloomberg. Data for 11/30/2018 to 11/30/2019.

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.