iShares U.S. Medical Devices ETF $IHI Stock Holdings Lessened by Modern Wealth Management LLC

Modern Wealth Management LLC lessened its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 81.2% in the third quarter, Holdings Channel.com reports. The fund owned 8,059 shares of the company’s stock after selling 34,854 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $484,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 740.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock worth $25,000 after acquiring an additional 370 shares during the last quarter. Country Trust Bank acquired a new stake in shares of iShares U.S. Medical Devices ETF during the second quarter worth $28,000. Group One Trading LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the second quarter valued at $29,000. Glass Jacobson Investment Advisors llc lifted its holdings in shares of iShares U.S. Medical Devices ETF by 108.7% during the third quarter. Glass Jacobson Investment Advisors llc now owns 622 shares of the company’s stock valued at $37,000 after purchasing an additional 324 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $39,000.

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

Shares of IHI opened at $57.34 on Tuesday. The business’s 50-day moving average price is $60.29 and its 200 day moving average price is $61.13. The stock has a market capitalization of $3.55 billion, a P/E ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $64.71.

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.