Kovack Advisors Inc. Decreases Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Kovack Advisors Inc. reduced its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,624 shares of the company’s stock after selling 449 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates boosted its position in iShares U.S. Medical Devices ETF by 0.5% in the third quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after buying an additional 1,756 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock valued at $439,000 after acquiring an additional 786 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 5,167.0% in the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after acquiring an additional 744,407 shares during the period. Private Advisor Group LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 10.0% during the third quarter. Private Advisor Group LLC now owns 66,263 shares of the company’s stock worth $3,924,000 after purchasing an additional 6,022 shares during the last quarter. Finally, AMG National Trust Bank lifted its position in iShares U.S. Medical Devices ETF by 100.0% during the second quarter. AMG National Trust Bank now owns 7,776 shares of the company’s stock valued at $436,000 after purchasing an additional 3,888 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $59.43 on Friday. The business’s 50-day moving average is $59.07 and its two-hundred day moving average is $57.19. The company has a market capitalization of $5.62 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.70 and a fifty-two week high of $60.88.

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.