Founders Financial Securities LLC lowered its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,456 shares of the company’s stock after selling 2,702 shares during the period. Founders Financial Securities LLC’s holdings in iShares U.S. Medical Devices ETF were worth $906,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. acquired a new position in iShares U.S. Medical Devices ETF in the first quarter worth $39,000. Livelsberger Financial Advisory bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth about $39,000. Planned Solutions Inc. acquired a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $49,000. Arvest Investments Inc. bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth about $52,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth approximately $59,000.
iShares U.S. Medical Devices ETF Trading Down 0.1 %
Shares of IHI traded down $0.07 during mid-day trading on Friday, hitting $56.04. 652,092 shares of the company traded hands, compared to its average volume of 1,021,148. The business has a 50-day moving average of $55.86 and a 200 day moving average of $55.97. iShares U.S. Medical Devices ETF has a one year low of $43.96 and a one year high of $59.14. The stock has a market capitalization of $5.30 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.
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