Harbour Investments Inc. Trims Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Harbour Investments Inc. cut its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,361 shares of the company’s stock after selling 891 shares during the quarter. Harbour Investments Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $838,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in 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 worth $71,206,000 after buying an additional 674,168 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth about $38,896,000. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth about $5,978,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew 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 buying an additional 94,959 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in iShares U.S. Medical Devices ETF by 71.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock worth $12,060,000 after buying an additional 86,315 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Up 0.8 %

iShares U.S. Medical Devices ETF stock opened at $59.99 on Thursday. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.18. The business has a 50-day simple moving average of $62.73 and a 200 day simple moving average of $60.52. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90.

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.