iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC reduced its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,130 shares of the company’s stock after selling 197 shares during the quarter. Cutler Investment Counsel LLC’s holdings in iShares U.S. Medical Devices ETF were worth $481,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners raised its stake in shares of iShares U.S. Medical Devices ETF by 8.7% during the third quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock valued at $128,000 after purchasing an additional 173 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 2.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock valued at $492,000 after purchasing an additional 189 shares during the period. Continuum Advisory LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 0.3% in the second quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock worth $3,121,000 after buying an additional 193 shares during the period. Sterling Investment Counsel LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 2.2% in the second quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock worth $577,000 after buying an additional 223 shares during the period. Finally, GAMMA Investing LLC increased its stake in iShares U.S. Medical Devices ETF by 91.1% in the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $29,000 after buying an additional 246 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock traded up $0.10 on Friday, hitting $59.54. The company’s stock had a trading volume of 668,873 shares, compared to its average volume of 828,895. The firm’s fifty day moving average price is $59.10 and its 200-day moving average price is $57.21. iShares U.S. Medical Devices ETF has a fifty-two week low of $48.19 and a fifty-two week high of $60.88. The stock has a market capitalization of $5.63 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.