B. Riley Wealth Advisors Inc. Trims Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

B. Riley Wealth Advisors Inc. cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,159 shares of the company’s stock after selling 11,322 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.12% of iShares U.S. Medical Devices ETF worth $6,744,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares U.S. Medical Devices ETF by 11.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock worth $439,000 after purchasing an additional 786 shares during the period. Raymond James & Associates increased its position in iShares U.S. Medical Devices ETF by 0.8% during the 2nd quarter. Raymond James & Associates now owns 376,971 shares of the company’s stock worth $21,125,000 after purchasing an additional 3,020 shares in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter worth $472,000. Continuum Advisory LLC raised its position in iShares U.S. Medical Devices ETF by 0.3% in the second quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock valued at $3,121,000 after purchasing an additional 193 shares during the period. Finally, RMR Wealth Builders purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at about $236,000.

iShares U.S. Medical Devices ETF Trading Down 0.8 %

NYSEARCA IHI opened at $59.58 on Friday. iShares U.S. Medical Devices ETF has a 52 week low of $52.50 and a 52 week high of $61.28. The stock has a market cap of $5.63 billion, a P/E ratio of 35.18 and a beta of 0.83. The company’s fifty day simple moving average is $59.69 and its 200-day simple moving average is $57.86.

iShares U.S. Medical Devices ETF 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.