Kraft Davis & Associates LLC Sells 2,317 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Kraft Davis & Associates LLC lowered its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,946 shares of the company’s stock after selling 2,317 shares during the quarter. Kraft Davis & Associates LLC’s holdings in iShares U.S. Medical Devices ETF were worth $383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of iShares U.S. Medical Devices ETF by 5,065.2% during the 4th quarter. International Assets Investment Management LLC now owns 948,285 shares of the company’s stock worth $51,179,000 after buying an additional 929,926 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of iShares U.S. Medical Devices ETF by 3,415.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,446 shares of the company’s stock worth $36,456,000 after buying an additional 729,100 shares during the period. J Arnold Wealth Management Co acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $24,739,000. Meitav Investment House Ltd. grew its position in shares of iShares U.S. Medical Devices ETF by 16.6% during the 4th quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock worth $165,507,000 after buying an additional 436,752 shares during the period. Finally, Modera Wealth Management LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $19,830,000.

iShares U.S. Medical Devices ETF Trading Down 0.3 %

Shares of IHI traded down $0.17 during trading hours on Friday, reaching $54.36. The stock had a trading volume of 1,346,523 shares, compared to its average volume of 1,214,724. iShares U.S. Medical Devices ETF has a 12 month low of $43.96 and a 12 month high of $59.14. The firm has a 50-day simple moving average of $57.16 and a 200 day simple moving average of $53.12. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85.

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.