Tyche Wealth Partners LLC Reduces Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Tyche Wealth Partners LLC reduced its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 10.1% during the 1st quarter, Holdings Channel reports. The fund owned 3,775 shares of the company’s stock after selling 423 shares during the period. Tyche Wealth Partners LLC’s holdings in iShares U.S. Medical Devices ETF were worth $227,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Bank of America Corp DE raised its holdings in iShares U.S. Medical Devices ETF by 29.0% in the 4th quarter. Bank of America Corp DE now owns 2,666,806 shares of the company’s stock valued at $155,608,000 after acquiring an additional 598,974 shares during the last quarter. LPL Financial LLC increased its stake in iShares U.S. Medical Devices ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 2,237,467 shares of the company’s stock valued at $130,556,000 after purchasing an additional 442,603 shares during the last quarter. Wells Fargo & Company MN lifted its position in iShares U.S. Medical Devices ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,087,471 shares of the company’s stock worth $63,454,000 after buying an additional 21,668 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth about $38,896,000. Finally, BNP Paribas Financial Markets boosted its stake in iShares U.S. Medical Devices ETF by 122.7% in the 4th quarter. BNP Paribas Financial Markets now owns 348,312 shares of the company’s stock worth $20,324,000 after buying an additional 191,921 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $61.77 on Thursday. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18. The business has a 50-day moving average of $60.65 and a two-hundred day moving average of $60.75. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 31.04 and a beta of 0.92.

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.