iShares U.S. Medical Devices ETF $IHI Stock Holdings Lessened by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,868 shares of the company’s stock after selling 455 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IHI. Wayfinding Financial LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter worth about $25,000. Columbia River Financial Group LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter worth about $34,000. Legend Financial Advisors Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth about $36,000. Westside Investment Management Inc. raised its position in shares of iShares U.S. Medical Devices ETF by 97.0% during the 1st quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $39,000 after buying an additional 320 shares in the last quarter. Finally, Key Financial Inc raised its position in shares of iShares U.S. Medical Devices ETF by 36.1% during the 1st quarter. Key Financial Inc now owns 968 shares of the company’s stock worth $58,000 after buying an additional 257 shares in the last quarter.

iShares U.S. Medical Devices ETF Trading Up 2.7%

IHI stock opened at $62.13 on Thursday. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 30.76 and a beta of 0.85. The firm’s 50-day moving average is $60.88 and its two-hundred day moving average is $60.56.

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.