iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Stock Position Lessened by Heirloom Wealth Management

Heirloom Wealth Management reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 21.3% during the first quarter, Holdings Channel.com reports. The firm owned 11,768 shares of the company’s stock after selling 3,192 shares during the period. Heirloom Wealth Management’s holdings in iShares U.S. Medical Devices ETF were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IHI. Wealthspire Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at $218,000. Millington Financial Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $428,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of iShares U.S. Medical Devices ETF by 24.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 367,812 shares of the company’s stock valued at $19,851,000 after purchasing an additional 71,596 shares in the last quarter. Cerity Partners LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 12.4% during the 4th quarter. Cerity Partners LLC now owns 50,284 shares of the company’s stock valued at $2,714,000 after purchasing an additional 5,559 shares in the last quarter. Finally, Advantage Trust Co acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $376,000.

iShares U.S. Medical Devices ETF Trading Down 1.7 %

IHI stock traded down $0.95 on Thursday, hitting $55.65. 805,335 shares of the company’s stock traded hands, compared to its average volume of 1,114,206. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1-year low of $43.96 and a 1-year high of $59.14. The stock has a fifty day moving average of $56.34 and a 200-day moving average of $54.69.

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.