Patten & Patten Inc. TN Sells 210 Shares of iShares U.S. Medical Devices ETF $IHI

Patten & Patten Inc. TN lessened its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,425 shares of the company’s stock after selling 210 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares U.S. Medical Devices ETF were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Founders Financial Alliance LLC raised its stake in iShares U.S. Medical Devices ETF by 14.3% in the first quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock valued at $78,000 after purchasing an additional 163 shares in the last quarter. Stephens Inc. AR raised its stake in iShares U.S. Medical Devices ETF by 2.2% during the first quarter. Stephens Inc. AR now owns 8,398 shares of the company’s stock worth $506,000 after acquiring an additional 182 shares in the last quarter. Summit Financial LLC raised its stake in iShares U.S. Medical Devices ETF by 2.1% during the first quarter. Summit Financial LLC now owns 9,045 shares of the company’s stock worth $544,000 after acquiring an additional 185 shares in the last quarter. Sunbelt Securities Inc. raised its stake in iShares U.S. Medical Devices ETF by 2.7% during the first quarter. Sunbelt Securities Inc. now owns 7,860 shares of the company’s stock worth $473,000 after acquiring an additional 210 shares in the last quarter. Finally, Signet Financial Management LLC raised its stake in iShares U.S. Medical Devices ETF by 3.2% during the second quarter. Signet Financial Management LLC now owns 6,734 shares of the company’s stock worth $422,000 after acquiring an additional 211 shares in the last quarter.

iShares U.S. Medical Devices ETF Trading Down 0.1%

Shares of NYSEARCA IHI opened at $59.12 on Friday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 30.76 and a beta of 0.85. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18. The stock has a 50-day moving average price of $60.93 and a two-hundred day moving average price of $60.49.

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.