Kingsview Wealth Management LLC Sells 16,209 Shares of iShares U.S. Medical Devices ETF $IHI

Kingsview Wealth Management LLC trimmed its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 252,479 shares of the company’s stock after selling 16,209 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $15,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in iShares U.S. Medical Devices ETF by 19.1% in the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after buying an additional 310,962 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares U.S. Medical Devices ETF by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after buying an additional 223,216 shares in the last quarter. Goldman Sachs Group Inc. increased 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 buying an additional 135,927 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in iShares U.S. Medical Devices ETF by 3.9% during the 4th quarter. RiverFront Investment Group LLC now owns 418,622 shares of the company’s stock worth $26,017,000 after purchasing an additional 15,790 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in iShares U.S. Medical Devices ETF by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 292,731 shares of the company’s stock worth $18,852,000 after purchasing an additional 1,388 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $49.17 on Thursday. The stock has a 50 day moving average price of $52.17 and a two-hundred day moving average price of $57.90. The firm has a market capitalization of $3.04 billion, a P/E ratio of 30.76 and a beta of 0.86. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71.

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.