Kovack Advisors Inc. Sells 999 Shares of iShares U.S. Medical Devices ETF $IHI

Kovack Advisors Inc. reduced its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,877 shares of the company’s stock after selling 999 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $681,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IHI. Founders Financial Alliance LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 14.3% in the first quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after acquiring an additional 163 shares during the last quarter. Stephens Inc. AR grew its position in iShares U.S. Medical Devices ETF by 2.2% in the 1st quarter. Stephens Inc. AR now owns 8,398 shares of the company’s stock worth $506,000 after purchasing an additional 182 shares during the last quarter. Summit Financial LLC grew its position in iShares U.S. Medical Devices ETF by 2.1% in the 1st quarter. Summit Financial LLC now owns 9,045 shares of the company’s stock worth $544,000 after purchasing an additional 185 shares during the last quarter. Signet Financial Management LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 3.2% during the 2nd quarter. Signet Financial Management LLC now owns 6,734 shares of the company’s stock worth $422,000 after purchasing an additional 211 shares during the period. Finally, Key Financial Inc raised its position in shares of iShares U.S. Medical Devices ETF by 36.1% during the first quarter. Key Financial Inc now owns 968 shares of the company’s stock valued at $58,000 after buying an additional 257 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA IHI opened at $60.19 on Friday. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $65.18. The stock has a market cap of $4.11 billion, a PE ratio of 30.76 and a beta of 0.89. The firm has a 50-day simple moving average of $60.80 and a 200 day simple moving average of $60.87.

About iShares U.S. Medical Devices ETF

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.