Fisher Asset Management LLC Cuts Stock Holdings in iShares U.S. Medical Devices ETF $IHI

Fisher Asset Management LLC cut its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 28.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 105,924 shares of the company’s stock after selling 41,142 shares during the quarter. Fisher Asset Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $6,635,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Country Trust Bank acquired a new position in shares of iShares U.S. Medical Devices ETF in the second quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at about $36,000. RMG Wealth Management LLC acquired a new position in iShares U.S. Medical Devices ETF in the 2nd quarter worth about $58,000. Russell Investments Group Ltd. raised its holdings in iShares U.S. Medical Devices ETF by 15.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after purchasing an additional 177 shares during the period. Finally, Founders Financial Alliance LLC boosted its position in iShares U.S. Medical Devices ETF by 14.3% during the first quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after purchasing an additional 163 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

iShares U.S. Medical Devices ETF stock opened at $63.31 on Friday. The stock has a market capitalization of $4.33 billion, a PE ratio of 30.76 and a beta of 0.89. The business has a 50 day simple moving average of $61.39 and a 200-day simple moving average of $61.35. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18.

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.