Eq LLC Sells 1,465 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Eq LLC decreased its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,294 shares of the company’s stock after selling 1,465 shares during the quarter. Eq LLC’s holdings in iShares U.S. Medical Devices ETF were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its stake in iShares U.S. Medical Devices ETF by 435.3% in the 1st quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock valued at $13,700,000 after acquiring an additional 190,153 shares during the period. Global Assets Advisory LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 1,148.5% during the first quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock worth $8,505,000 after acquiring an additional 133,533 shares during the period. Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $6,363,000. BNP Paribas Financial Markets increased its stake in shares of iShares U.S. Medical Devices ETF by 581.3% during the first quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock worth $6,806,000 after purchasing an additional 99,118 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 300.8% during the first quarter. Kingsview Wealth Management LLC now owns 112,723 shares of the company’s stock worth $6,604,000 after purchasing an additional 84,597 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

iShares U.S. Medical Devices ETF stock traded up $0.27 during midday trading on Friday, hitting $58.21. The company’s stock had a trading volume of 306,923 shares, compared to its average volume of 950,649. iShares U.S. Medical Devices ETF has a 1-year low of $43.96 and a 1-year high of $59.14. The company has a 50-day moving average price of $55.97 and a two-hundred day moving average price of $56.37. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.