IFG Advisory LLC Sells 9,267 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

IFG Advisory LLC cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 36.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,292 shares of the company’s stock after selling 9,267 shares during the quarter. IFG Advisory LLC’s holdings in iShares U.S. Medical Devices ETF were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Union Savings Bank bought a new stake in iShares U.S. Medical Devices ETF in the 2nd quarter valued at $25,000. Baystate Wealth Management LLC bought a new stake in iShares U.S. Medical Devices ETF in the 2nd quarter valued at $25,000. Buck Wealth Strategies LLC bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at $26,000. Hibernia Wealth Partners LLC bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at $37,000. Finally, GHP Investment Advisors Inc. bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at $42,000.

iShares U.S. Medical Devices ETF Trading Up 1.9 %

Shares of IHI stock opened at $58.51 on Thursday. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year high of $59.14. The firm’s fifty day moving average price is $56.92 and its two-hundred day moving average price is $52.31. The firm has a market capitalization of $6.36 billion, a P/E ratio of 33.98 and a beta of 0.85.

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.