Robertson Stephens Wealth Management LLC Lowers Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Robertson Stephens Wealth Management LLC reduced its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,704 shares of the company’s stock after selling 1,142 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,126,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IHI. Raymond James Financial Inc. purchased a new position in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $38,896,000. Bank of America Corp DE lifted its stake in iShares U.S. Medical Devices ETF by 29.0% in the 4th quarter. Bank of America Corp DE now owns 2,666,806 shares of the company’s stock valued at $155,608,000 after buying an additional 598,974 shares in the last quarter. LPL Financial LLC lifted its stake in iShares U.S. Medical Devices ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 2,237,467 shares of the company’s stock valued at $130,556,000 after buying an additional 442,603 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in iShares U.S. Medical Devices ETF by 122.7% in the 4th quarter. BNP Paribas Financial Markets now owns 348,312 shares of the company’s stock valued at $20,324,000 after buying an additional 191,921 shares in the last quarter. Finally, BFI Infinity Ltd. purchased a new position in iShares U.S. Medical Devices ETF in the 1st quarter valued at about $5,322,000.

iShares U.S. Medical Devices ETF Trading Down 0.1%

Shares of iShares U.S. Medical Devices ETF stock opened at $60.23 on Thursday. The firm has a market capitalization of $4.46 billion, a PE ratio of 31.04 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. The firm’s 50-day moving average price is $60.21 and its 200 day moving average price is $60.73.

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.