Cetera Investment Advisers lowered its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 23.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,409 shares of the company’s stock after selling 75,742 shares during the period. Cetera Investment Advisers owned about 0.40% of iShares U.S. Medical Devices ETF worth $13,306,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at about $1,950,000. Valicenti Advisory Services Inc. bought a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $5,875,000. MCF Advisors LLC raised its holdings in iShares U.S. Medical Devices ETF by 6,477.8% during the fourth quarter. MCF Advisors LLC now owns 17,168 shares of the company’s stock worth $1,067,000 after acquiring an additional 16,907 shares in the last quarter. Fairvoy Private Wealth LLC bought a new stake in iShares U.S. Medical Devices ETF during the first quarter worth about $694,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Medical Devices ETF by 143.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,879 shares of the company’s stock valued at $8,010,000 after purchasing an additional 75,851 shares during the last quarter.
iShares U.S. Medical Devices ETF Stock Up 1.2%
IHI stock opened at $53.30 on Thursday. The business has a 50 day moving average price of $50.23 and a two-hundred day moving average price of $53.92. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month 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.
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