Royal Bank of Canada trimmed its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 729,683 shares of the company’s stock after selling 32,722 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Medical Devices ETF were worth $38,929,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in iShares U.S. Medical Devices ETF by 12.6% during the 1st quarter. Quantinno Capital Management LP now owns 9,027 shares of the company’s stock valued at $482,000 after purchasing an additional 1,008 shares during the period. Blue Chip Partners LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the first quarter worth approximately $550,000. RMG Wealth Management LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the first quarter worth approximately $35,000. Aureus Asset Management LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $288,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $177,000.
iShares U.S. Medical Devices ETF Trading Up 3.2%
Shares of iShares U.S. Medical Devices ETF stock opened at $54.21 on Tuesday. iShares U.S. Medical Devices ETF has a 1 year low of $47.37 and a 1 year high of $64.71. The company’s fifty day simple moving average is $50.38 and its 200-day simple moving average is $53.71. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.
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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