Over the past month, IHF is up nearly 6%, outpacing broader health care and pharmaceuticals ETFs along the way.
More than half of the 30 members of the Dow Jones Industrial Average are higher over the past month, but United Health is one of the leaders with a gain of 4%. The stock is IHF’s largest holding at a weight of 13.7%. Shares of WellPoint (NYSE: WLP) are higher by nearly 14% since late April. The stock is IHF’s third-largest holding with an allocation of 7.5%.
Aetna (NYSE: AET), IHF’s fourth-largest constituent, is up 9% in the past month. Aetna had 230,000 Obamacare members at the end of the first quarter and that number could double by the end of this year, Investor’s Business Daily reported, citing a JPMorgan analyst.
With health care mergers and acquisitions activity picking up, IHF could find itself in the spotlight even more. Earlier this year, Morgan Stanley identified Express Scripts (NasdaqGS: ESRX), WellPoint, Cigna (NYSE: CI) and Aetna as possible takeover targets. Those stock combine for over 30% of IHF’s weight. [A Health Care ETF Full of Takeover Targets]
iShares U.S. Healthcare Providers ETF
