Sowell Financial Services LLC Has $2.03 Million Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Sowell Financial Services LLC trimmed its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHIFree Report) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,838 shares of the company’s stock after selling 1,915 shares during the period. Sowell Financial Services LLC’s holdings in iShares U.S. Medical Devices ETF were worth $2,034,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IHI. Baystate Wealth Management LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $25,000. Union Savings Bank bought a new stake in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $25,000. Buck Wealth Strategies LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. raised its holdings in shares of iShares U.S. Medical Devices ETF by 833.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 560 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares during the period. Finally, Hibernia Wealth Partners LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $37,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $56.32 on Tuesday. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $57.95. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. The firm’s 50-day moving average is $53.61 and its 200-day moving average is $51.30.

About iShares U.S. Medical Devices ETF

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

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