Envestnet Asset Management Inc. Sells 134,854 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Envestnet Asset Management Inc. reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 747,981 shares of the company’s stock after selling 134,854 shares during the quarter. Envestnet Asset Management Inc. owned about 0.79% of iShares U.S. Medical Devices ETF worth $43,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 6.1% in the third quarter. FMR LLC now owns 28,988 shares of the company’s stock valued at $1,717,000 after acquiring an additional 1,660 shares during the period. Stifel Financial Corp grew its holdings in iShares U.S. Medical Devices ETF by 9.2% during the 3rd quarter. Stifel Financial Corp now owns 105,917 shares of the company’s stock valued at $6,272,000 after purchasing an additional 8,912 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in iShares U.S. Medical Devices ETF by 21.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 5,763 shares of the company’s stock worth $332,000 after purchasing an additional 1,035 shares during the period. National Bank of Canada FI lifted its stake in iShares U.S. Medical Devices ETF by 1.6% in the third quarter. National Bank of Canada FI now owns 20,098 shares of the company’s stock worth $1,190,000 after purchasing an additional 323 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in iShares U.S. Medical Devices ETF by 5.4% in the third quarter. Orion Portfolio Solutions LLC now owns 18,988 shares of the company’s stock worth $1,124,000 after purchasing an additional 967 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 3.9 %

IHI opened at $55.89 on Friday. The business has a fifty day moving average of $61.24 and a 200 day moving average of $60.42. iShares U.S. Medical Devices ETF has a 52-week low of $52.90 and a 52-week high of $65.18. The stock has a market cap of $4.26 billion, a P/E ratio of 28.84 and a beta of 0.95.

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.