iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. reduced its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHIGet Rating) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,465 shares of the company’s stock after selling 7,184 shares during the quarter. iShares U.S. Medical Devices ETF comprises 0.9% of Traynor Capital Management Inc.’s portfolio, making the stock its 25th largest holding. Traynor Capital Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $7,099,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IHI. West Financial Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $27,000. HM Payson & Co. boosted its holdings in iShares U.S. Medical Devices ETF by 500.0% during the third quarter. HM Payson & Co. now owns 576 shares of the company’s stock worth $36,000 after buying an additional 480 shares in the last quarter. Amplius Wealth Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $37,000. Trust Co. of Vermont bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $40,000. Finally, Costello Asset Management INC lifted its position in shares of iShares U.S. Medical Devices ETF by 3,294.4% during the 4th quarter. Costello Asset Management INC now owns 611 shares of the company’s stock valued at $40,000 after acquiring an additional 593 shares during the last quarter.

Shares of NYSEARCA IHI opened at $49.01 on Thursday. The stock’s fifty day simple moving average is $53.75 and its 200 day simple moving average is $58.35. iShares U.S. Medical Devices ETF has a 52-week low of $47.24 and a 52-week high of $67.29.

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Institutional Ownership by Quarter for iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

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