Acorn Wealth Advisors LLC Cuts Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Acorn Wealth Advisors LLC decreased its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,473 shares of the company’s stock after selling 274 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $203,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth $33,000. RPg Family Wealth Advisory LLC purchased a new position in iShares U.S. Medical Devices ETF in the third quarter valued at $35,000. Aspect Partners LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at $35,000. Finally, Synergy Asset Management LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth about $49,000.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $63.98 on Wednesday. iShares U.S. Medical Devices ETF has a 1 year low of $53.72 and a 1 year high of $65.18. The stock has a market cap of $6.05 billion, a P/E ratio of 35.18 and a beta of 0.83. The stock has a 50-day simple moving average of $61.95 and a 200-day simple moving average of $60.10.

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.