Spinnaker Trust Cuts Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Spinnaker Trust lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,604 shares of the company’s stock after selling 258 shares during the period. Spinnaker Trust’s holdings in iShares U.S. Medical Devices ETF were worth $746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IHI. Headlands Technologies LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the first quarter valued at $27,000. GAMMA Investing LLC raised its position in iShares U.S. Medical Devices ETF by 91.1% during the second quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after acquiring an additional 246 shares during the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 400.0% in the second quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock valued at $42,000 after purchasing an additional 600 shares in the last quarter. Blue Trust Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 186.3% in the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after purchasing an additional 691 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of iShares U.S. Medical Devices ETF by 52.6% during the 2nd quarter. Mather Group LLC. now owns 1,096 shares of the company’s stock worth $64,000 after purchasing an additional 378 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $59.77 on Thursday. The stock’s 50 day moving average price is $58.91 and its 200 day moving average price is $57.00. The firm has a market cap of $5.65 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1 year low of $45.03 and a 1 year high of $60.88.

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.