Gallacher Capital Management LLC Decreases Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Gallacher Capital Management LLC lessened its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,204 shares of the company’s stock after selling 428 shares during the quarter. Gallacher Capital Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new stake in iShares U.S. Medical Devices ETF during the 2nd quarter valued at $58,000. Strategy Asset Managers LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the second quarter valued at about $1,220,000. Larson Financial Group LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 8.9% during the second quarter. Larson Financial Group LLC now owns 3,961 shares of the company’s stock valued at $222,000 after acquiring an additional 324 shares during the last quarter. Oak Root LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 4.5% during the second quarter. Oak Root LLC now owns 88,829 shares of the company’s stock worth $4,978,000 after purchasing an additional 3,835 shares during the period. Finally, Flaharty Asset Management LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 1.9% in the second quarter. Flaharty Asset Management LLC now owns 431,783 shares of the company’s stock worth $24,197,000 after purchasing an additional 8,241 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $58.06 on Friday. iShares U.S. Medical Devices ETF has a one year low of $43.96 and a one year high of $59.14. The business has a 50 day simple moving average of $56.46 and a two-hundred day simple moving average of $56.48. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.