Kovack Advisors Inc. Has $595,000 Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Kovack Advisors Inc. lowered its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,023 shares of the company’s stock after selling 1,179 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $595,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IHI. Buck Wealth Strategies LLC acquired a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at $26,000. Provence Wealth Management Group acquired a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at $43,000. Planned Solutions Inc. acquired a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at $49,000. Arvest Investments Inc. acquired a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at $52,000. Finally, Sheets Smith Wealth Management purchased a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth $68,000.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $55.53 on Friday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 34.68 and a beta of 0.82. The firm’s fifty day moving average price is $57.03 and its two-hundred day moving average price is $53.38. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year high of $59.14.

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.