Prestige Wealth Management Group LLC Reduces Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Prestige Wealth Management Group LLC reduced its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 50,752 shares of the company’s stock after selling 1,833 shares during the period. Prestige Wealth Management Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $2,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers boosted its stake in iShares U.S. Medical Devices ETF by 435.3% during the 1st quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock valued at $13,700,000 after acquiring an additional 190,153 shares during the last quarter. Global Assets Advisory LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 1,148.5% in the 1st quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock valued at $8,505,000 after purchasing an additional 133,533 shares in the last quarter. Riggs Asset Managment Co. Inc. bought a new position in shares of iShares U.S. Medical Devices ETF during the first quarter worth about $6,363,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Medical Devices ETF in the second quarter worth about $58,000. Finally, BNP Paribas Financial Markets increased its holdings in iShares U.S. Medical Devices ETF by 581.3% in the first quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock valued at $6,806,000 after buying an additional 99,118 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.0 %

NYSEARCA:IHI traded down $0.01 during trading hours on Friday, reaching $58.06. 511,748 shares of the stock were exchanged, compared to its average volume of 928,907. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14. The stock has a market capitalization of $5.49 billion, a P/E ratio of 35.18 and a beta of 0.83. The firm has a 50 day simple moving average of $56.46 and a 200-day simple moving average of $56.48.

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.