iShares U.S. Medical Devices ETF $IHI Stock Position Reduced by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 56.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,784 shares of the company’s stock after selling 41,901 shares during the period. J.W. Cole Advisors Inc. owned about 0.05% of iShares U.S. Medical Devices ETF worth $1,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its position in iShares U.S. Medical Devices ETF by 107.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Smartleaf Asset Management LLC grew its position in iShares U.S. Medical Devices ETF by 740.0% during the third quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after purchasing an additional 370 shares in the last quarter. FWL Investment Management LLC purchased a new position in iShares U.S. Medical Devices ETF during the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $29,000. Finally, Group One Trading LLC purchased a new position in iShares U.S. Medical Devices ETF during the second quarter valued at approximately $29,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $49.86 on Tuesday. The company’s 50 day moving average price is $51.29 and its 200 day moving average price is $57.16. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71. The company has a market capitalization of $3.09 billion, a PE ratio of 30.76 and a beta of 0.83.

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.