LPL Financial LLC Decreases Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

LPL Financial LLC cut its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,794,864 shares of the company’s stock after selling 240,214 shares during the period. LPL Financial LLC owned approximately 1.90% of iShares U.S. Medical Devices ETF worth $106,292,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 91.1% in the second quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after acquiring an additional 246 shares during the period. Global Trust Asset Management LLC raised its stake in iShares U.S. Medical Devices ETF by 400.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock valued at $42,000 after buying an additional 600 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at $58,000. Blue Trust Inc. boosted its stake in shares of iShares U.S. Medical Devices ETF by 186.3% in the 3rd quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after buying an additional 691 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of iShares U.S. Medical Devices ETF by 52.6% in the second quarter. Mather Group LLC. now owns 1,096 shares of the company’s stock worth $64,000 after acquiring an additional 378 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock opened at $60.35 on Friday. iShares U.S. Medical Devices ETF has a one year low of $49.47 and a one year high of $60.88. The stock has a fifty day moving average of $59.18 and a 200 day moving average of $57.35. The stock has a market cap of $5.70 billion, a PE 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.