Hazlett Burt & Watson Inc. Reduces Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Hazlett Burt & Watson Inc. trimmed its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,746 shares of the company’s stock after selling 321 shares during the period. iShares U.S. Medical Devices ETF accounts for 0.8% of Hazlett Burt & Watson Inc.’s investment portfolio, making the stock its 25th biggest holding. Hazlett Burt & Watson Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at $28,000. Comprehensive Financial Planning Inc. PA purchased a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at $33,000. Aspect Partners LLC acquired a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth about $35,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at about $37,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth about $39,000.

iShares U.S. Medical Devices ETF Stock Down 1.3 %

iShares U.S. Medical Devices ETF stock opened at $59.42 on Monday. The business’s 50-day moving average price is $62.65 and its 200 day moving average price is $60.60. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.18.

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.