Opes Wealth Management LLC Has $459,000 Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Opes Wealth Management LLC cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,504 shares of the company’s stock after selling 3,508 shares during the period. Opes Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $210,000. Tufton Capital Management bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $212,000. Peterson Wealth Services bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $203,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of iShares U.S. Medical Devices ETF by 5,532.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 356,326 shares of the company’s stock valued at $19,231,000 after buying an additional 350,000 shares in the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $272,000.

iShares U.S. Medical Devices ETF Stock Down 0.5 %

Shares of NYSEARCA:IHI traded down $0.28 during midday trading on Thursday, hitting $54.50. The stock had a trading volume of 1,311,661 shares, compared to its average volume of 1,212,962. iShares U.S. Medical Devices ETF has a 12 month low of $43.96 and a 12 month high of $59.14. The business’s 50-day simple moving average is $57.20 and its 200-day simple moving average is $53.07. The company has a market cap of $5.93 billion, a P/E ratio of 33.98 and a beta of 0.85.

iShares U.S. Medical Devices ETF 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.