iShares U.S. Medical Devices ETF $IHI Position Reduced by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 57.0% in the first quarter, HoldingsChannel reports. The firm owned 30,612 shares of the company’s stock after selling 40,632 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of iShares U.S. Medical Devices ETF by 14.4% in the fourth quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock worth $213,798,000 after purchasing an additional 432,620 shares in the last quarter. Bank of America Corp DE increased its stake in iShares U.S. Medical Devices ETF by 19.1% in the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after buying an additional 310,962 shares during the period. Foundations Investment Advisors LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $17,761,000. BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Medical Devices ETF by 2,540.7% during the 4th quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock valued at $15,695,000 after buying an additional 242,966 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. boosted its position in iShares U.S. Medical Devices ETF by 894.8% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock valued at $14,942,000 after purchasing an additional 223,710 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 3.2%

Shares of IHI opened at $50.51 on Friday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The company’s fifty day moving average is $49.95 and its 200-day moving average is $54.66.

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.