Sequoia Financial Advisors LLC cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 36.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,138 shares of the company’s stock after selling 10,504 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $968,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 107.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. FWL Investment Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $27,000. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at $29,000. Group One Trading LLC bought a new position in iShares U.S. Medical Devices ETF in the second quarter valued at $29,000. Finally, Modus Advisors LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at about $30,000.
iShares U.S. Medical Devices ETF Stock Performance
Shares of IHI opened at $50.51 on Friday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82. The firm has a 50 day moving average price of $49.95 and a 200-day moving average price of $54.66. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71.
iShares U.S. Medical Devices ETF 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.
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