Spire Wealth Management Has $788,000 Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Spire Wealth Management lowered its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 15.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,223 shares of the company’s stock after selling 2,537 shares during the quarter. Spire Wealth Management’s holdings in iShares U.S. Medical Devices ETF were worth $788,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Buck Wealth Strategies LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at $26,000. Provence Wealth Management Group bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth $43,000. Planned Solutions Inc. acquired a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $49,000. Arvest Investments Inc. bought a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $52,000. Finally, Register Financial Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $86,000.

iShares U.S. Medical Devices ETF Trading Down 1.4 %

Shares of NYSEARCA:IHI opened at $55.15 on Thursday. The stock has a market capitalization of $5.26 billion, a PE ratio of 34.68 and a beta of 0.82. The firm has a 50 day moving average of $56.71 and a 200-day moving average of $53.94. iShares U.S. Medical Devices ETF has a 12 month low of $43.96 and a 12 month high of $59.14.

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.