UBS Group AG Decreases Stake in iShares U.S. Medical Devices ETF $IHI

UBS Group AG lowered its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,022,542 shares of the company’s stock after selling 27,318 shares during the quarter. UBS Group AG owned about 1.58% of iShares U.S. Medical Devices ETF worth $63,551,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in iShares U.S. Medical Devices ETF by 13.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 330,524 shares of the company’s stock valued at $19,858,000 after purchasing an additional 39,304 shares in the last quarter. High Point Wealth Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $1,950,000. Merit Financial Group LLC increased its stake in iShares U.S. Medical Devices ETF by 104.7% during the 3rd quarter. Merit Financial Group LLC now owns 17,429 shares of the company’s stock valued at $1,047,000 after purchasing an additional 8,916 shares in the last quarter. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter valued at about $8,720,000. Finally, Jones Financial Companies Lllp increased its stake in iShares U.S. Medical Devices ETF by 8.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 177,528 shares of the company’s stock valued at $10,595,000 after purchasing an additional 13,363 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Down 1.1%

Shares of IHI stock opened at $49.93 on Tuesday. The company has a 50 day moving average price of $55.04 and a 200-day moving average price of $59.25. iShares U.S. Medical Devices ETF has a 52 week low of $49.88 and a 52 week high of $64.71. The firm has a market capitalization of $3.09 billion, a PE ratio of 30.76 and a beta of 0.86.

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.