Truist Financial Corp reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 102,703 shares of the company’s stock after selling 14,356 shares during the period. Truist Financial Corp owned about 0.11% of iShares U.S. Medical Devices ETF worth $5,993,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Modus Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth about $28,000. Comprehensive Financial Planning Inc. PA purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at about $33,000. RPg Family Wealth Advisory LLC purchased a new stake in iShares U.S. Medical Devices ETF during the third quarter valued at about $35,000. Synergy Asset Management LLC purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at about $49,000. Finally, Truvestments Capital LLC purchased a new stake in iShares U.S. Medical Devices ETF during the third quarter valued at about $53,000.
iShares U.S. Medical Devices ETF Stock Down 0.7 %
NYSEARCA IHI opened at $64.36 on Friday. The company has a market cap of $6.08 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.18. The firm’s 50-day simple moving average is $61.75 and its two-hundred day simple moving average is $59.94.
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.
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