Dynamic Advisor Solutions LLC Lowers Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Dynamic Advisor Solutions LLC trimmed its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,016 shares of the company’s stock after selling 6,238 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares U.S. Medical Devices ETF were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IHI. Daymark Wealth Partners LLC increased its position in shares of iShares U.S. Medical Devices ETF by 7.0% during the second quarter. Daymark Wealth Partners LLC now owns 6,238 shares of the company’s stock valued at $350,000 after acquiring an additional 408 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 10.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 126,481 shares of the company’s stock valued at $7,088,000 after purchasing an additional 12,338 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares U.S. Medical Devices ETF by 3.9% during the 2nd quarter. Cetera Investment Advisers now owns 243,033 shares of the company’s stock worth $13,620,000 after purchasing an additional 9,199 shares during the period. RiverFront Investment Group LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 8.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 290,829 shares of the company’s stock worth $16,298,000 after buying an additional 23,162 shares during the last quarter. Finally, Creekside Partners bought a new position in iShares U.S. Medical Devices ETF during the second quarter valued at about $356,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $63.87 on Friday. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $63.95. The firm’s 50-day simple moving average is $60.20 and its two-hundred day simple moving average is $58.75.

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.