iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Stake Trimmed by Martin Capital Advisors LLP

Martin Capital Advisors LLP cut its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,345 shares of the company’s stock after selling 238 shares during the quarter. Martin Capital Advisors LLP’s holdings in iShares U.S. Medical Devices ETF were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IHI. Cedar Brook Financial Partners LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 0.6% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 30,683 shares of the company’s stock valued at $1,700,000 after purchasing an additional 183 shares in the last quarter. Avitas Wealth Management LLC boosted its position in iShares U.S. Medical Devices ETF by 3.5% during the 1st quarter. Avitas Wealth Management LLC now owns 5,993 shares of the company’s stock worth $324,000 after acquiring an additional 200 shares during the period. Realta Investment Advisors boosted its position in iShares U.S. Medical Devices ETF by 4.2% during the 4th quarter. Realta Investment Advisors now owns 5,728 shares of the company’s stock worth $309,000 after acquiring an additional 233 shares during the period. Wealthfront Advisers LLC grew its stake in iShares U.S. Medical Devices ETF by 2.9% during the 1st quarter. Wealthfront Advisers LLC now owns 9,023 shares of the company’s stock valued at $550,000 after acquiring an additional 256 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 2.8% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 9,432 shares of the company’s stock valued at $509,000 after purchasing an additional 259 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock traded down $0.17 during trading on Friday, hitting $54.36. 1,346,523 shares of the company were exchanged, compared to its average volume of 1,214,723. The business’s 50-day simple moving average is $57.20 and its 200 day simple moving average is $53.07. iShares U.S. Medical Devices ETF has a twelve month low of $43.96 and a twelve month high of $59.14. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85.

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.