iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,769 shares of the company’s stock after selling 2,802 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,679,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Modus Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at $28,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $33,000. RPg Family Wealth Advisory LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $35,000. Aspect Partners LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $35,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth approximately $37,000.

iShares U.S. Medical Devices ETF Stock Up 1.1 %

Shares of IHI opened at $59.81 on Tuesday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $65.18. The stock has a 50 day moving average price of $62.74 and a 200 day moving average price of $60.52.

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.