Tyche Wealth Partners LLC Reduces Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Tyche Wealth Partners LLC lessened its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 18.9% in the second quarter, HoldingsChannel reports. The firm owned 4,000 shares of the company’s stock after selling 935 shares during the period. Tyche Wealth Partners LLC’s holdings in iShares U.S. Medical Devices ETF were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IHI. Cerity Partners LLC boosted its stake 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 worth $2,714,000 after acquiring an additional 5,559 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in iShares U.S. Medical Devices ETF by 4.4% in the 4th quarter. Vontobel Holding Ltd. now owns 28,172 shares of the company’s stock worth $1,520,000 after acquiring an additional 1,192 shares in the last quarter. Peterson Wealth Services bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $203,000. Tufton Capital Management purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $212,000. Finally, Western Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $210,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock traded up $0.33 on Friday, hitting $57.25. 789,957 shares of the stock traded hands, compared to its average volume of 965,258. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14. The firm has a 50 day simple moving average of $55.81 and a two-hundred day simple moving average of $56.32. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.