Lido Advisors LLC Reduces Holdings in iShares U.S. Medical Devices ETF $IHI

Lido Advisors LLC decreased its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 47.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,193 shares of the company’s stock after selling 12,720 shares during the period. Lido Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMC Chicago LLC raised its stake in iShares U.S. Medical Devices ETF by 100.0% in the first quarter. IMC Chicago LLC now owns 5,066 shares of the company’s stock worth $270,000 after buying an additional 12,156,873 shares in the last quarter. Morgan Stanley boosted its position in iShares U.S. Medical Devices ETF by 14.4% during the 4th quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock valued at $213,798,000 after acquiring an additional 432,620 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares U.S. Medical Devices ETF by 19.1% during the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after acquiring an additional 310,962 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $17,761,000. Finally, BNP Paribas Financial Markets raised its position in shares of iShares U.S. Medical Devices ETF by 2,540.7% in the 4th quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock worth $15,695,000 after acquiring an additional 242,966 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Up 2.6%

IHI opened at $52.69 on Wednesday. The stock has a market cap of $3.12 billion, a PE ratio of 30.76 and a beta of 0.82. The business has a 50 day moving average of $50.18 and a 200-day moving average of $54.00. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71.

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.