Valley Wealth Managers Inc. Has $82,000 Stake in iShares U.S. Medical Devices ETF $IHI

Valley Wealth Managers Inc. cut its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 96.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,367 shares of the company’s stock after selling 36,196 shares during the quarter. Valley Wealth Managers Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $82,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. HB Wealth Management LLC increased its position in iShares U.S. Medical Devices ETF by 1.5% during the 3rd quarter. HB Wealth Management LLC now owns 11,064 shares of the company’s stock valued at $665,000 after purchasing an additional 162 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of iShares U.S. Medical Devices ETF by 5.4% in the 3rd quarter. Salem Investment Counselors Inc. now owns 3,353 shares of the company’s stock valued at $201,000 after purchasing an additional 172 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 valued at $82,000 after purchasing an additional 177 shares during the last quarter. Black Swift Group LLC increased its position in shares of iShares U.S. Medical Devices ETF by 5.0% during the second quarter. Black Swift Group LLC now owns 5,280 shares of the company’s stock worth $331,000 after buying an additional 250 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in iShares U.S. Medical Devices ETF by 0.9% during the second quarter. Pinnacle Associates Ltd. now owns 29,761 shares of the company’s stock worth $1,864,000 after buying an additional 270 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 1.0%

IHI stock opened at $60.08 on Friday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. The company’s fifty day simple moving average is $62.50 and its 200 day simple moving average is $61.54. iShares U.S. Medical Devices ETF has a 12-month low of $52.90 and a 12-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.