Strategic Advisors LLC Lowers Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Strategic Advisors LLC lessened its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 23.5% in the third quarter, HoldingsChannel reports. The firm owned 7,720 shares of the company’s stock after selling 2,370 shares during the quarter. Strategic Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its stake in iShares U.S. Medical Devices ETF by 2.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock valued at $492,000 after buying an additional 189 shares during the last quarter. Gallacher Capital Management LLC raised its stake in iShares U.S. Medical Devices ETF by 2.0% during the first quarter. Gallacher Capital Management LLC now owns 9,632 shares of the company’s stock valued at $564,000 after buying an additional 190 shares during the last quarter. Continuum Advisory LLC raised its stake in iShares U.S. Medical Devices ETF by 0.3% during the second quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock valued at $3,121,000 after buying an additional 193 shares during the last quarter. Sterling Investment Counsel LLC raised its stake in iShares U.S. Medical Devices ETF by 2.2% during the second quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock valued at $577,000 after buying an additional 223 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in iShares U.S. Medical Devices ETF by 7.1% during the first quarter. Larson Financial Group LLC now owns 3,637 shares of the company’s stock valued at $213,000 after buying an additional 242 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock traded down $0.33 during mid-day trading on Thursday, hitting $58.34. The company’s stock had a trading volume of 172,022 shares, compared to its average volume of 875,294. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $60.11. The business has a 50-day moving average price of $57.91 and a 200 day moving average price of $56.68. The stock has a market cap of $5.51 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.