Avitas Wealth Management LLC Sells 309 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Avitas Wealth Management LLC lowered its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,623 shares of the company’s stock after selling 309 shares during the quarter. Avitas Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $328,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF during the second quarter valued at approximately $983,000. Brookstone Capital Management boosted its position in iShares U.S. Medical Devices ETF by 2.2% during the 3rd quarter. Brookstone Capital Management now owns 18,239 shares of the company’s stock valued at $1,080,000 after acquiring an additional 394 shares in the last quarter. Strategic Wealth Partners Ltd. increased its holdings in shares of iShares U.S. Medical Devices ETF by 3.1% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 138,767 shares of the company’s stock valued at $8,218,000 after acquiring an additional 4,111 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter worth $182,000. Finally, Howard Financial Services LTD. acquired a new position in iShares U.S. Medical Devices ETF during the 3rd quarter valued at about $208,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA IHI opened at $65.09 on Thursday. iShares U.S. Medical Devices ETF has a fifty-two week low of $53.72 and a fifty-two week high of $65.18. The company has a market cap of $6.15 billion, a PE ratio of 35.18 and a beta of 0.83. The business has a 50-day simple moving average of $60.82 and a two-hundred day simple moving average of $59.20.

About iShares U.S. Medical Devices ETF

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.