Miracle Mile Advisors LLC Has $1.63 Million Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Miracle Mile Advisors LLC decreased its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,877 shares of the company’s stock after selling 7,258 shares during the quarter. Miracle Mile Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Modus Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth about $28,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter worth about $35,000. Truvestments Capital LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter worth about $53,000. TD Private Client Wealth LLC raised its position in shares of iShares U.S. Medical Devices ETF by 49.8% during the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock worth $55,000 after purchasing an additional 311 shares during the period. Finally, Blue Trust Inc. raised its position in shares of iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after purchasing an additional 691 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA IHI opened at $59.74 on Wednesday. The firm has a market cap of $5.65 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a one year low of $53.72 and a one year high of $61.28. The stock’s 50-day moving average is $59.78 and its 200-day moving average is $58.34.

iShares U.S. Medical Devices ETF Company 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.