Lido Advisors LLC Reduces Stock Position in iShares U.S. Medical Devices ETF $IHI

Lido Advisors LLC decreased its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 47.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,193 shares of the company’s stock after selling 12,720 shares during the quarter. Lido Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IHI. Whittier Trust Co. of Nevada Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 107.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. FWL Investment Management LLC bought a new position in iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $29,000. Group One Trading LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 2nd quarter worth approximately $29,000. Finally, Modus Advisors LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $30,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $52.69 on Wednesday. The firm has a market cap of $3.12 billion, a P/E ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71. The business’s 50 day moving average price is $50.18 and its 200-day moving average price is $54.00.

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.