Kingsview Wealth Management LLC Trims Holdings in iShares U.S. Medical Devices ETF $IHI

Kingsview Wealth Management LLC lowered its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 15.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 161,199 shares of the company’s stock after selling 29,502 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $10,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. purchased a new position in shares of iShares U.S. Medical Devices ETF during the first quarter worth $305,287,000. Envestnet Asset Management Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 757,244 shares of the company’s stock valued at $47,434,000 after acquiring an additional 4,574 shares during the period. Raymond James Financial Inc. grew its position in iShares U.S. Medical Devices ETF by 13.5% in the 1st quarter. Raymond James Financial Inc. now owns 756,743 shares of the company’s stock valued at $45,548,000 after acquiring an additional 90,139 shares in the last quarter. Goldman Sachs Group Inc. grew its position in iShares U.S. Medical Devices ETF by 46.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after acquiring an additional 135,927 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in iShares U.S. Medical Devices ETF by 295.5% during the first quarter. Jones Financial Companies Lllp now owns 416,572 shares of the company’s stock worth $24,774,000 after purchasing an additional 311,232 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $62.31 on Friday. The company’s 50-day simple moving average is $60.74 and its 200-day simple moving average is $61.14. iShares U.S. Medical Devices ETF has a 1 year low of $52.90 and a 1 year high of $65.18. The stock has a market capitalization of $4.26 billion, a PE ratio of 30.76 and a beta of 0.89.

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.