Financial Advocates Investment Management Lowers Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Financial Advocates Investment Management decreased its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 12.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,671 shares of the company’s stock after selling 840 shares during the period. Financial Advocates Investment Management’s holdings in iShares U.S. Medical Devices ETF were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Concord Wealth Partners raised its stake in iShares U.S. Medical Devices ETF by 8.7% in the third quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock worth $128,000 after buying an additional 173 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of iShares U.S. Medical Devices ETF by 2.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock worth $492,000 after acquiring an additional 189 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 2.0% during the 1st quarter. Gallacher Capital Management LLC now owns 9,632 shares of the company’s stock worth $564,000 after purchasing an additional 190 shares during the last quarter. Continuum Advisory LLC boosted its position 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 purchasing an additional 193 shares in the last quarter. Finally, Sterling Investment Counsel LLC grew its stake in iShares U.S. Medical Devices ETF by 2.2% in the second quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock valued at $577,000 after purchasing an additional 223 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $59.14 on Monday. iShares U.S. Medical Devices ETF has a one year low of $45.03 and a one year high of $60.43. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The firm has a 50-day simple moving average of $58.83 and a two-hundred day simple moving average of $56.90.

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.