Health Care ETFs Unmoved By Possible Humana Inc. Merger

Exchange-traded healthcare funds were little changed Friday on a report that Humana Inc 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 CI and Aetna Inc 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) 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 ANTM, Cigna and Aetna.

The iShares Dow Jones US Healthcare (ETF) IYH traded recently at 159.38, off $0.11.

Guggenheim's Healthcare ETF

Guggenheim S&P 500 Equal Weight Healthcare ETF RYH was nearly unchanged at $159.95.

The fund has about 55 health care stocks including Aetna, Cigna and Humana.

Vanguard's Mutual Fund

Vanguard Health Care Fund Investor Shares VGHCX was up nearly 1 percent at $235.29 a share. The fund's top ten investments include a range of pharmaceutical companies and the health and well-being company UnitedHealth Group Inc. UNH.

Fidelity's ETF

The Fidelity MSCI Health Care Index ETF FHLC traded recently at $36.38, down $0.06.

Image Credit: Public Domain
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Sector ETFsSpecialty ETFsTrading IdeasETFsDow Jones U.S. Health Care IndexGoldman Sachs Group Inc.medicareWall Street Journal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!