Sequoia Financial Advisors LLC Sells 2,924 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Sequoia Financial Advisors LLC lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,226 shares of the company’s stock after selling 2,924 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $2,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers lifted its position in iShares U.S. Medical Devices ETF by 435.3% during the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock valued at $13,700,000 after purchasing an additional 190,153 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at $6,363,000. Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth $58,000. BNP Paribas Financial Markets grew its position in iShares U.S. Medical Devices ETF by 581.3% in the first quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock worth $6,806,000 after acquiring an additional 99,118 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in iShares U.S. Medical Devices ETF by 300.8% in the first quarter. Kingsview Wealth Management LLC now owns 112,723 shares of the company’s stock valued at $6,604,000 after acquiring an additional 84,597 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.2 %

Shares of IHI stock opened at $59.32 on Friday. The firm has a market cap of $5.61 billion, a P/E ratio of 35.18 and a beta of 0.83. The business has a 50-day moving average price of $58.68 and a two-hundred day moving average price of $56.80. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $60.43.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.