Peterson Wealth Services Sells 11,303 Shares of iShares U.S. Medical Devices ETF $IHI

Peterson Wealth Services trimmed its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 79.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,894 shares of the company’s stock after selling 11,303 shares during the period. Peterson Wealth Services’ holdings in iShares U.S. Medical Devices ETF were worth $180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IHI. Bank of America Corp DE increased its stake in iShares U.S. Medical Devices ETF by 19.1% during the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after acquiring an additional 310,962 shares during the period. Foundations Investment Advisors LLC bought a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at about $17,761,000. BNP Paribas Financial Markets increased its stake in iShares U.S. Medical Devices ETF by 2,540.7% during the fourth quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock valued at $15,695,000 after acquiring an additional 242,966 shares during the period. Nan Shan Life Insurance Co. Ltd. increased its stake in iShares U.S. Medical Devices ETF by 894.8% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock valued at $14,942,000 after acquiring an additional 223,710 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in iShares U.S. Medical Devices ETF by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after acquiring an additional 223,216 shares during the period.

iShares U.S. Medical Devices ETF Stock Down 0.1%

Shares of IHI opened at $49.67 on Friday. iShares U.S. Medical Devices ETF has a 12-month low of $47.37 and a 12-month high of $64.71. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 30.76 and a beta of 0.83. The stock’s 50-day moving average price is $51.12 and its 200 day moving average price is $56.91.

iShares U.S. Medical Devices ETF 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.