IHF’s large-caps collectively show strength
The large-cap (large capitalization) stocks of the iShares US Health Care Providers ETF (IHF) gave an average return of 0.6%, replicating IHF’s performance. Out of the 52 stocks in IHF’s portfolio, there are ten large-cap stocks, which account for ~59.2% of the portfolio.
Out of the IHF’s ten large-cap stocks, nine gave positive returns while one ended up in the red. The large-cap space includes stocks such as Cigna (CI), Humana (HUM), and Aetna (AET), which gave returns of 1.0%, -0.7%, and 0.7%, respectively.
The above graph reflects the performance of IHF’s large-cap stocks compared with IHF and the SPDR S&P 500 ETF (SPY). Since, November 2, 2015, the IHF’s large-cap stocks have underperformed both it and SPY. The stocks gave a return of -0.45%, while IHF gave a return of 1.7% and SPY gave a return of 0.3%.
UnitedHealth declares dividend, stock rises
UnitedHealth Group (UNH) rose 1.4% on November 10, 2015. The company announced a dividend of $0.5 per share to be paid on December 15, 2015. After the dividend was declared, the stock moved up for two consecutive trading sessions.
Since November 2, 2015, the stock has given a return of -1.6%. It has underperformed IHF and SPY in the same period.
UNH closed at $115.89 on November 10, 2015, and was trading below its 20-, 50-, and 100-day moving averages. UNH’s 14-day RSI (relative strength index) stood at 42, indicating that the stock was neither overbought nor oversold. UNH’s book value per share is $34.75. With its current price, the stock is trading at a price-to-book value of 3.34x.
UnitedHealth Group has a weight of ~13.4% in IHF’s portfolio.