NewEdge Advisors LLC Reduces Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

NewEdge Advisors LLC lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,219 shares of the company’s stock after selling 7,928 shares during the period. NewEdge Advisors LLC owned 0.12% of iShares U.S. Medical Devices ETF worth $6,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IHI. Cetera Investment Advisers boosted its stake in iShares U.S. Medical Devices ETF by 435.3% in the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock valued at $13,700,000 after acquiring an additional 190,153 shares in the last quarter. Global Assets Advisory LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 1,148.5% in the 1st quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock valued at $8,505,000 after purchasing an additional 133,533 shares during the period. Riggs Asset Managment Co. Inc. purchased a new position in iShares U.S. Medical Devices ETF during the 1st quarter worth approximately $6,363,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Medical Devices ETF during the second quarter worth approximately $58,000. Finally, BNP Paribas Financial Markets lifted its stake in iShares U.S. Medical Devices ETF by 581.3% in the first quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock valued at $6,806,000 after buying an additional 99,118 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Down 1.1 %

IHI stock opened at $58.54 on Wednesday. The business has a 50 day simple moving average of $57.52 and a 200-day simple moving average of $56.63. The company has a market capitalization of $5.53 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a twelve month low of $43.96 and a twelve month high of $60.11.

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.