First United Bank & Trust Cuts Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

First United Bank & Trust cut its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 39.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,290 shares of the company’s stock after selling 840 shares during the quarter. First United Bank & Trust’s holdings in iShares U.S. Medical Devices ETF were worth $75,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Concord Wealth Partners boosted 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 valued at $128,000 after acquiring an additional 173 shares during the last quarter. LaFleur & Godfrey LLC lifted its stake in iShares U.S. Medical Devices ETF by 6.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock valued at $222,000 after purchasing an additional 228 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in iShares U.S. Medical Devices ETF by 9.1% during the fourth quarter. Rosenberg Matthew Hamilton now owns 3,090 shares of the company’s stock valued at $180,000 after purchasing an additional 257 shares during the period. Assetmark Inc. increased its position in iShares U.S. Medical Devices ETF by 20.7% in the third quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock worth $96,000 after buying an additional 277 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 49.8% in the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock valued at $55,000 after buying an additional 311 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $61.84 on Tuesday. The stock has a fifty day moving average of $59.90 and a 200-day moving average of $58.54. iShares U.S. Medical Devices ETF has a fifty-two week low of $53.72 and a fifty-two week high of $62.06. The company has a market capitalization of $5.84 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.