iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,362 shares of the company’s stock after selling 401 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares U.S. Medical Devices ETF were worth $313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Medical Devices ETF by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after purchasing an additional 674,168 shares in the last quarter. Modus Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth about $28,000. ST Germain D J Co. Inc. bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $654,000. Salem Investment Counselors Inc. increased its stake in iShares U.S. Medical Devices ETF by 41.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 4,686 shares of the company’s stock valued at $273,000 after buying an additional 1,375 shares during the period. Finally, Dale Q Rice Investment Management Ltd bought a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $4,247,000.

iShares U.S. Medical Devices ETF Trading Up 2.0 %

Shares of NYSEARCA:IHI opened at $60.47 on Friday. The company has a 50 day moving average of $59.22 and a 200-day moving average of $60.36. The firm has a market cap of $4.54 billion, a P/E ratio of 30.50 and a beta of 0.92. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $65.18.

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.