Orleans Capital Management Corp LA Sells 470 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Orleans Capital Management Corp LA cut its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,755 shares of the company’s stock after selling 470 shares during the period. iShares U.S. Medical Devices ETF accounts for about 1.7% of Orleans Capital Management Corp LA’s portfolio, making the stock its 22nd biggest position. Orleans Capital Management Corp LA’s holdings in iShares U.S. Medical Devices ETF were worth $3,063,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IHI. Modus Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter worth $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth about $33,000. Aspect Partners LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $35,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $37,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $39,000.

iShares U.S. Medical Devices ETF Trading Down 2.6 %

iShares U.S. Medical Devices ETF stock opened at $58.75 on Friday. The business’s 50 day simple moving average is $62.39 and its 200 day simple moving average is $60.59. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $65.18. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90.

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.