Commonwealth Equity Services LLC Sells 22,107 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Commonwealth Equity Services LLC trimmed its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,483 shares of the company’s stock after selling 22,107 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares U.S. Medical Devices ETF were worth $18,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth $38,896,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $5,978,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in iShares U.S. Medical Devices ETF by 692.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 108,667 shares of the company’s stock worth $6,341,000 after purchasing an additional 94,959 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in iShares U.S. Medical Devices ETF by 71.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock valued at $12,060,000 after buying an additional 86,315 shares during the period.

iShares U.S. Medical Devices ETF Trading Up 1.0 %

Shares of NYSEARCA:IHI opened at $59.17 on Monday. The firm has a 50 day moving average of $62.73 and a 200-day moving average of $60.51. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $65.18. The stock has a market capitalization of $4.65 billion, a PE ratio of 31.88 and a beta of 0.90.

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.