WealthShield Partners LLC Reduces Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

WealthShield Partners LLC trimmed its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 70.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518 shares of the company’s stock after selling 1,216 shares during the period. WealthShield Partners LLC’s holdings in iShares U.S. Medical Devices ETF were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IHI. Modus Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $33,000. RPg Family Wealth Advisory LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $35,000. Aspect Partners LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $35,000. Finally, Synergy Asset Management LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $49,000.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $63.98 on Wednesday. The stock has a market capitalization of $6.05 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 $65.18. The company has a 50 day moving average price of $61.95 and a two-hundred day moving average price of $60.10.

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.