“UnitedHealth Group’s Strong Q2 Performance Boosts Investor Interest in Healthcare ETFs”

UnitedHealth Group reported a strong performance in the second quarter of 2024, surpassing expectations with both its earnings and revenues. Following the announcement, the company’s shares surged by 6.5%. The positive results were largely driven by the robust growth seen in its Optum healthcare unit, with Optum revenues increasing by 11.7%.

Investors looking to capitalize on this success can consider investing in Exchange-Traded Funds (ETFs) with a significant allocation to UnitedHealth Group. Some notable ETFs include iShares U.S. Healthcare Providers ETF, Health Care Select Sector SPDR Fund, iShares U.S. Healthcare ETF, Fidelity MSCI Health Care Index ETF, and SPDR Dow Jones Industrial Average ETF. UnitedHealth Group’s earnings per share came in at $6.80, exceeding the Zacks Consensus Estimate and showing a 10.7% year-over-year increase. The company also reaffirmed its 2024 earnings per share guidance.

Among the highlighted ETFs, iShares U.S. Healthcare Providers ETF holds UnitedHealth as its top position with a 23.8% share, while the Health Care Select Sector SPDR Fund has UnitedHealth in the second position at 9.1% of its assets. iShares U.S. Healthcare ETF and Fidelity MSCI Health Care Index ETF also offer exposure to UnitedHealth. The SPDR Dow Jones Industrial Average ETF, which includes UnitedHealth as its top holding, tracks the Dow Jones Industrial Average Index and is considered one of the largest and most popular ETFs in the large-cap space.