LexAurum Advisors LLC Lowers Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

LexAurum Advisors LLC decreased its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,775 shares of the company’s stock after selling 389 shares during the period. LexAurum Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $220,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC increased its position in shares of iShares U.S. Medical Devices ETF by 4.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 10,042 shares of the company’s stock worth $586,000 after acquiring an additional 454 shares during the period. Arkansas Financial Group Inc. grew its stake in iShares U.S. Medical Devices ETF by 2.9% in the fourth quarter. Arkansas Financial Group Inc. now owns 183,268 shares of the company’s stock worth $10,694,000 after purchasing an additional 5,172 shares in the last quarter. Lake Hills Wealth Management LLC increased its holdings in iShares U.S. Medical Devices ETF by 7.4% during the 4th quarter. Lake Hills Wealth Management LLC now owns 75,997 shares of the company’s stock worth $4,434,000 after purchasing an additional 5,266 shares during the period. Paragon Financial Partners Inc. raised its position in iShares U.S. Medical Devices ETF by 9.8% during the 4th quarter. Paragon Financial Partners Inc. now owns 18,641 shares of the company’s stock valued at $1,088,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 7.4% in the 4th quarter. Segment Wealth Management LLC now owns 106,872 shares of the company’s stock worth $6,236,000 after buying an additional 7,355 shares during the period.

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

IHI opened at $63.87 on Friday. The business’s fifty day simple moving average is $60.20 and its 200-day simple moving average is $58.72. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 12-month low of $53.72 and a 12-month high of $63.95.

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.