International Assets Investment Management LLC Sells 746,096 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

International Assets Investment Management LLC trimmed its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 98.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,718 shares of the company’s stock after selling 746,096 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $742,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. raised its holdings in shares of iShares U.S. Medical Devices ETF by 20.7% during the third quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock worth $96,000 after acquiring an additional 277 shares during the period. Raymond James & Associates raised its stake in shares of iShares U.S. Medical Devices ETF by 0.5% in the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after purchasing an additional 1,756 shares during the period. Private Advisor Group LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 10.0% in the third quarter. Private Advisor Group LLC now owns 66,263 shares of the company’s stock valued at $3,924,000 after purchasing an additional 6,022 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Medical Devices ETF by 127.6% during the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after buying an additional 674,168 shares during the period. Finally, Blue Trust Inc. raised its position in iShares U.S. Medical Devices ETF by 186.3% in the 3rd quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after buying an additional 691 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA IHI opened at $60.40 on Friday. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $61.28. The stock’s 50 day moving average price is $59.75 and its two-hundred day moving average price is $58.25. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

About iShares U.S. Medical Devices ETF

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.