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

Kraft Davis & Associates LLC decreased its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Buck Wealth Strategies LLC bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $42,000. Resurgent Financial Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $42,000. Provence Wealth Management Group bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $43,000. Finally, Sound Income Strategies LLC increased its position in shares of iShares U.S. Medical Devices ETF by 121.6% during the 3rd quarter. Sound Income Strategies LLC now owns 904 shares of the company’s stock valued at $44,000 after purchasing an additional 496 shares during the last quarter.

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

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

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.