Belpointe Asset Management LLC Trims Stock Holdings in iShares U.S. Medical Devices ETF $IHI

Belpointe Asset Management LLC trimmed its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 29.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the company’s stock after selling 3,669 shares during the period. Belpointe Asset Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in iShares U.S. Medical Devices ETF in the first quarter worth $25,000. Legend Financial Advisors Inc. purchased a new stake in iShares U.S. Medical Devices ETF in the second quarter worth $36,000. Columbia River Financial Group LLC purchased a new stake in iShares U.S. Medical Devices ETF in the first quarter worth $34,000. Westside Investment Management Inc. grew its stake in iShares U.S. Medical Devices ETF by 97.0% in the first quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $39,000 after purchasing an additional 320 shares during the period. Finally, Sound Income Strategies LLC grew its stake in iShares U.S. Medical Devices ETF by 34.4% in the first quarter. Sound Income Strategies LLC now owns 851 shares of the company’s stock worth $51,000 after purchasing an additional 218 shares during the period.

iShares U.S. Medical Devices ETF Stock Down 0.7%

Shares of IHI stock opened at $60.05 on Friday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 30.76 and a beta of 0.85. The business’s fifty day moving average is $61.06 and its 200 day moving average is $60.53. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $65.18.

iShares U.S. Medical Devices ETF Profile

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.