Fox Hill Wealth Management Sells 244 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Fox Hill Wealth Management cut its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,358 shares of the company’s stock after selling 244 shares during the quarter. Fox Hill Wealth Management’s holdings in iShares U.S. Medical Devices ETF were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IHI. JPMorgan Chase & Co. raised its holdings in iShares U.S. Medical Devices ETF by 127.6% during the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares during the period. Raymond James Financial Inc. bought a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at about $38,896,000. Strategic Financial Concepts LLC bought a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at about $5,978,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of iShares U.S. Medical Devices ETF by 692.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 108,667 shares of the company’s stock valued at $6,341,000 after purchasing an additional 94,959 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 71.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock worth $12,060,000 after purchasing an additional 86,315 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Down 0.5 %

Shares of IHI stock opened at $59.52 on Wednesday. iShares U.S. Medical Devices ETF has a 12-month low of $53.72 and a 12-month high of $65.18. The stock’s 50-day moving average price is $62.74 and its 200-day moving average price is $60.52. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90.

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.