Sequoia Financial Advisors LLC Has $968,000 Stock Holdings in iShares U.S. Medical Devices ETF $IHI

Sequoia Financial Advisors LLC decreased its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 36.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,138 shares of the company’s stock after selling 10,504 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $968,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley increased its position in iShares U.S. Medical Devices ETF by 14.4% in the 4th quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock valued at $213,798,000 after acquiring an additional 432,620 shares during the period. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Medical Devices ETF by 19.1% during the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after buying an additional 310,962 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth $17,761,000. BNP Paribas Financial Markets grew its stake in shares of iShares U.S. Medical Devices ETF by 2,540.7% in the 4th quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock valued at $15,695,000 after buying an additional 242,966 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. raised its stake in iShares U.S. Medical Devices ETF by 894.8% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock worth $14,942,000 after buying an additional 223,710 shares during the period.

iShares U.S. Medical Devices ETF Stock Down 3.2%

Shares of IHI opened at $50.51 on Friday. The business’s fifty day moving average is $49.95 and its 200 day moving average is $54.66. iShares U.S. Medical Devices ETF has a 12-month low of $47.37 and a 12-month high of $64.71. The stock has a market cap of $3.03 billion, a P/E ratio of 30.76 and a beta of 0.82.

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.