iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. cut its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,281 shares of the company’s stock after selling 278 shares during the period. Institute for Wealth Management LLC.’s holdings in iShares U.S. Medical Devices ETF were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IHI. JPMorgan Chase & Co. boosted its stake in iShares U.S. Medical Devices ETF by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares in the last quarter. International Assets Investment Management LLC grew its stake in iShares U.S. Medical Devices ETF by 5,167.0% during the 3rd quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after buying an additional 744,407 shares during the last quarter. Raymond James & Associates grew its stake in iShares U.S. Medical Devices ETF by 0.5% during the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock worth $22,428,000 after buying an additional 1,756 shares during the last quarter. Wharton Business Group LLC increased its position in iShares U.S. Medical Devices ETF by 3.0% during the third quarter. Wharton Business Group LLC now owns 276,850 shares of the company’s stock worth $16,395,000 after buying an additional 8,070 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in iShares U.S. Medical Devices ETF by 3.1% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock valued at $16,133,000 after buying an additional 8,199 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Up 0.8 %

Shares of IHI opened at $64.55 on Friday. The company’s 50 day simple moving average is $60.53 and its 200-day simple moving average is $58.96. The firm has a market cap of $6.10 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 12-month low of $53.72 and a 12-month high of $65.05.

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.