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

Valued Retirements Inc. reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,411 shares of the company’s stock after selling 4,752 shares during the quarter. iShares U.S. Medical Devices ETF accounts for approximately 1.1% of Valued Retirements Inc.’s portfolio, making the stock its 23rd largest holding. Valued Retirements Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of 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 worth $71,206,000 after acquiring an additional 674,168 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at $38,896,000. Wharton Business Group LLC grew its holdings in iShares U.S. Medical Devices ETF by 3.0% in the third quarter. Wharton Business Group LLC now owns 276,850 shares of the company’s stock valued at $16,395,000 after purchasing an additional 8,070 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 3.1% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock valued at $16,133,000 after buying an additional 8,199 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 15.5% during the 4th quarter. HighTower Advisors LLC now owns 236,462 shares of the company’s stock worth $13,798,000 after buying an additional 31,732 shares during the last quarter.

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

Shares of NYSEARCA IHI opened at $59.17 on Monday. The company’s 50-day moving average price is $62.73 and its 200 day moving average price is $60.51. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.18. The stock has a market cap of $4.65 billion, a price-to-earnings 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.