Salem Investment Counselors Inc. Sells 1,490 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Salem Investment Counselors Inc. lowered its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 31.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,196 shares of the company’s stock after selling 1,490 shares during the period. Salem Investment Counselors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of iShares U.S. Medical Devices ETF by 29.0% in the 4th quarter. Bank of America Corp DE now owns 2,666,806 shares of the company’s stock worth $155,608,000 after purchasing an additional 598,974 shares during the period. LPL Financial LLC raised its holdings in iShares U.S. Medical Devices ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 2,237,467 shares of the company’s stock worth $130,556,000 after buying an additional 442,603 shares during the last quarter. Wells Fargo & Company MN boosted its stake in iShares U.S. Medical Devices ETF by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,087,471 shares of the company’s stock valued at $63,454,000 after purchasing an additional 21,668 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at $38,896,000. Finally, BNP Paribas Financial Markets increased its stake in iShares U.S. Medical Devices ETF by 122.7% in the 4th quarter. BNP Paribas Financial Markets now owns 348,312 shares of the company’s stock valued at $20,324,000 after buying an additional 191,921 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA IHI opened at $60.82 on Friday. iShares U.S. Medical Devices ETF has a 52-week low of $52.90 and a 52-week high of $65.18. The company has a 50-day simple moving average of $59.99 and a 200 day simple moving average of $60.74. The company has a market capitalization of $4.51 billion, a PE ratio of 31.04 and a beta of 0.92.

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.