Private Advisor Group LLC Sells 5,071 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Private Advisor Group LLC decreased its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.7% in the fourth quarter, Holdings Channel reports. The firm owned 61,192 shares of the company’s stock after selling 5,071 shares during the quarter. Private Advisor Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $3,571,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IHI. Global Retirement Partners LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 35.4% during the fourth quarter. Global Retirement Partners LLC now owns 5,843 shares of the company’s stock valued at $341,000 after buying an additional 1,527 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 0.6% in the fourth quarter. Valley Wealth Managers Inc. now owns 24,875 shares of the company’s stock worth $1,451,000 after acquiring an additional 160 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of iShares U.S. Medical Devices ETF by 22.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 52,786 shares of the company’s stock valued at $3,080,000 after purchasing an additional 9,724 shares during the last quarter. Valmark Advisers Inc. bought a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $234,000. Finally, Strategic Financial Concepts LLC bought a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $5,978,000.

iShares U.S. Medical Devices ETF Stock Down 0.7 %

iShares U.S. Medical Devices ETF stock opened at $64.36 on Monday. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $65.18. The company has a market cap of $6.08 billion, a P/E ratio of 35.18 and a beta of 0.83. The business has a 50-day simple moving average of $61.75 and a two-hundred day simple moving average of $59.98.

iShares U.S. Medical Devices ETF Company 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.