Signature Estate & Investment Advisors LLC Lowers Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Signature Estate & Investment Advisors LLC cut its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,312 shares of the company’s stock after selling 1,950 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $33,000. RPg Family Wealth Advisory LLC purchased a new position in iShares U.S. Medical Devices ETF during the third quarter valued at $35,000. Aspect Partners LLC bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth $35,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth $37,000.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $60.29 on Wednesday. The firm has a market cap of $4.74 billion, a PE ratio of 29.98 and a beta of 0.90. The stock has a 50-day moving average price of $62.74 and a 200-day moving average price of $60.58. iShares U.S. Medical Devices ETF has a 1 year low of $53.72 and a 1 year high of $65.18.

iShares U.S. Medical Devices ETF Company 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.