Beacon Pointe Advisors LLC reduces stake in iShares US Medical Devices ETF (NYSEARCA:IHI)

Beacon Pointe Advisors LLC cut its holdings in shares of the iShares US Medical Devices ETF (NYSEARCA:IHI – Free Report) by 16.0% during the fourth quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The company now owned 10,833 shares of the company’s stock after selling 2,057 shares during the period. Beacon Pointe Advisors LLC’s holdings in the iShares US Medical Devices ETF were worth $585,000, according to its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also made changes to their positions in IHI. Buck Wealth Strategies LLC purchased a new stake in shares of iShares US Medical Devices ETF in the third quarter worth $26,000. Provence Wealth Management Group acquired a new stake in shares of iShares US Medical Devices ETF in the third quarter valued at approximately $43,000. Planned Solutions Inc. acquired a new position in iShares US Medical Devices ETF during the fourth quarter worth approximately $49,000. Arvest Investments Inc. acquired a new position in iShares US Medical Devices ETF during the fourth quarter worth approximately $52,000. Finally, Register Financial Advisors LLC acquired a new stake in iShares US Medical Devices ETF during the 4th quarter worth approximately $86,000.

iShares US Medical Device ETFs Down 1.7%

Shares of the iShares US Medical Devices ETF opened on Friday at $55.65. The company’s 50-day simple moving average is $56.34 and its two-hundred-day simple moving average is $54.69. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The iShares US Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14.

About iShares US Medical Devices ETF

(free report)

iShares US Medical Devices ETF (IHI) is an exchange-traded fund based on the DJ US Select \u002F Medical Equipment Index, a market capitalization-weighted index of US medical device manufacturers and distributors. IHI was launched on May 1, 2006 and is managed by BlackRock.

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