iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC lessened its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,553 shares of the company’s stock after selling 1,005 shares during the period. Cutler Investment Counsel LLC’s holdings in iShares U.S. Medical Devices ETF were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IHI. Morgan Stanley raised its holdings in shares of iShares U.S. Medical Devices ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 3,915,871 shares of the company’s stock valued at $205,857,000 after purchasing an additional 245,906 shares in the last quarter. Meitav Investment House Ltd. raised its stake in iShares U.S. Medical Devices ETF by 16.6% during the 4th quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock worth $165,507,000 after acquiring an additional 436,752 shares in the last quarter. UBS Group AG raised its stake in iShares U.S. Medical Devices ETF by 2.1% during the 1st quarter. UBS Group AG now owns 1,813,118 shares of the company’s stock worth $110,527,000 after acquiring an additional 37,743 shares in the last quarter. Royal Bank of Canada grew its position in iShares U.S. Medical Devices ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 1,210,875 shares of the company’s stock worth $73,815,000 after purchasing an additional 7,739 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in iShares U.S. Medical Devices ETF by 25.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,178,217 shares of the company’s stock worth $57,144,000 after purchasing an additional 241,824 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock traded down $0.19 during midday trading on Friday, hitting $54.34. 782,700 shares of the company’s stock were exchanged, compared to its average volume of 1,206,830. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. The firm’s 50 day simple moving average is $57.20 and its 200 day simple moving average is $53.07.

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.