Healthcare ETFs Unmoved By Possible Humana Inc. Merger
Benzinga 11 years ago
Sector ETFsSpecialty ETFsTrading IdeasETFs
Exchange-traded healthcare funds were little changed Friday on a report that Humana Inc (NYSE: HUM) hired advisors to consider a sale.
The Dow Jones U.S. Health Care Index closed down 1.4 percent Friday.
Exchange-traded healthcare funds aim to mirror sector performance by holding a wide a mix of stocks including pharmaceutical companies, hospitals, medical device makers and insurers.
Humana
Humana, which specializes in Medicare patients, tapped Goldman Sachs Group Inc. to evaluate potential offers from CIGNA Corporation (NYSE: CI) and Aetna Inc (NYSE: AET), according to The Wall Street Journal.Related Link: Healthcare, Yen And Oil ETFs To Watch This Week
IShares' Healthcare ETFs
The exchange-traded fund iShares Dow Jones US Health Care(ETF) (NYSE: IHF) picked up about 1.5 percent Friday afternoon, trading at $138.66.Among the fund's holdings of 51 stocks across the spectrum of the health care industry are Anthem Inc (NYSE: ANTM), Cigna and Aetna.
The iShares Dow Jones US Healthcare (ETF) (NYSE: IYH) traded recently at 159.38, off $0.11.