Transcend Capital Advisors LLC Trims Holdings in iShares U.S. Medical Devices ETF $IHI

Transcend Capital Advisors LLC reduced its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 69.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,985 shares of the company’s stock after selling 15,770 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of iShares U.S. Medical Devices ETF by 740.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after acquiring an additional 370 shares in the last quarter. FWL Investment Management LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $29,000. Group One Trading LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at approximately $29,000. Finally, Glass Jacobson Investment Advisors llc raised its position in shares of iShares U.S. Medical Devices ETF by 108.7% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 622 shares of the company’s stock valued at $37,000 after acquiring an additional 324 shares in the last quarter.

iShares U.S. Medical Devices ETF Trading Down 1.9%

IHI stock opened at $53.23 on Friday. The firm has a market cap of $3.22 billion, a P/E ratio of 30.76 and a beta of 0.97. iShares U.S. Medical Devices ETF has a 12-month low of $52.13 and a 12-month high of $64.71. The stock’s 50 day simple moving average is $56.20 and its 200 day simple moving average is $59.76.

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.