NewEdge Advisors LLC Trims Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

NewEdge Advisors LLC cut its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,692 shares of the company’s stock after selling 6,814 shares during the quarter. NewEdge Advisors LLC owned approximately 0.08% of iShares U.S. Medical Devices ETF worth $4,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IHI. Blue Trust Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 86.5% during the fourth quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock worth $116,000 after purchasing an additional 919 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Medical Devices ETF by 127.6% during the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after buying an additional 674,168 shares during the last quarter. Savant Capital LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth $345,000. Glenview Trust co boosted its position in shares of iShares U.S. Medical Devices ETF by 5.6% during the fourth quarter. Glenview Trust co now owns 18,905 shares of the company’s stock worth $1,103,000 after acquiring an additional 1,000 shares during the last quarter. Finally, FineMark National Bank & Trust purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at $223,000.

iShares U.S. Medical Devices ETF Stock Up 0.5 %

Shares of IHI stock opened at $56.93 on Friday. The company’s fifty day simple moving average is $60.34 and its two-hundred day simple moving average is $60.34. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18. The stock has a market cap of $4.34 billion, a P/E ratio of 28.84 and a beta of 0.95.

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.