Orleans Capital Management Corp LA Sells 1,105 Shares of iShares U.S. Medical Devices ETF $IHI

Orleans Capital Management Corp LA trimmed its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,295 shares of the company’s stock after selling 1,105 shares during the period. iShares U.S. Medical Devices ETF comprises 1.5% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 23rd biggest position. Orleans Capital Management Corp LA’s holdings in iShares U.S. Medical Devices ETF were worth $2,900,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IHI. Country Trust Bank purchased a new stake in shares of iShares U.S. Medical Devices ETF during the second quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter worth about $36,000. RMG Wealth Management LLC bought a new position in iShares U.S. Medical Devices ETF during the second quarter valued at about $58,000. Russell Investments Group Ltd. increased its holdings in iShares U.S. Medical Devices ETF by 15.7% during the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after buying an additional 177 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in iShares U.S. Medical Devices ETF by 14.3% during the first quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after buying an additional 163 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 0.0%

IHI opened at $64.36 on Friday. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $65.18. The company’s 50-day moving average price is $61.13 and its two-hundred day moving average price is $61.31. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89.

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.