Advisors Capital Management LLC Reduces Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Advisors Capital Management LLC lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,481 shares of the company’s stock after selling 351 shares during the period. Advisors Capital Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in IHI. Blue Trust Inc. lifted its stake in shares of iShares U.S. Medical Devices ETF by 86.5% in the 4th quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock valued at $116,000 after purchasing an additional 919 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Medical Devices ETF by 127.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after acquiring an additional 674,168 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at about $345,000. Glenview Trust co increased its stake in shares of iShares U.S. Medical Devices ETF by 5.6% in the 4th quarter. Glenview Trust co now owns 18,905 shares of the company’s stock valued at $1,103,000 after purchasing an additional 1,000 shares in the last quarter. Finally, FineMark National Bank & Trust acquired a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth about $223,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock opened at $56.65 on Wednesday. The stock has a 50 day simple moving average of $60.78 and a 200-day simple moving average of $60.38. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $65.18. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 28.84 and a beta of 0.95.

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.