Envestnet Asset Management Inc. Has $38.71 Million Holdings in iShares U.S. Medical Devices ETF $IHI

Envestnet Asset Management Inc. trimmed its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 14.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 644,285 shares of the company’s stock after selling 112,959 shares during the period. Envestnet Asset Management Inc. owned approximately 0.94% of iShares U.S. Medical Devices ETF worth $38,709,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 13.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 330,524 shares of the company’s stock worth $19,858,000 after purchasing an additional 39,304 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in iShares U.S. Medical Devices ETF during the 2nd quarter worth approximately $89,000. Stephens Inc. AR raised its stake in iShares U.S. Medical Devices ETF by 9.2% during the 2nd quarter. Stephens Inc. AR now owns 9,167 shares of the company’s stock worth $574,000 after buying an additional 769 shares during the period. Avantax Advisory Services Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 8.0% in the second quarter. Avantax Advisory Services Inc. now owns 32,629 shares of the company’s stock worth $2,044,000 after acquiring an additional 2,421 shares in the last quarter. Finally, Creative Planning grew its stake in iShares U.S. Medical Devices ETF by 31.3% in the second quarter. Creative Planning now owns 40,034 shares of the company’s stock valued at $2,508,000 after acquiring an additional 9,537 shares during the period.

iShares U.S. Medical Devices ETF Stock Up 0.6%

Shares of NYSEARCA:IHI opened at $58.42 on Wednesday. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $64.99. The stock’s 50 day moving average is $61.74 and its 200-day moving average is $61.45. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89.

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.