Parallel Advisors LLC Sells 1,232 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Parallel Advisors LLC cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,354 shares of the company’s stock after selling 1,232 shares during the period. Parallel Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,246,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IHI. Oppenheimer & Co. Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 13.1% in the third quarter. Oppenheimer & Co. Inc. now owns 14,541 shares of the company’s stock worth $861,000 after purchasing an additional 1,682 shares in the last quarter. MAI Capital Management boosted its holdings in iShares U.S. Medical Devices ETF by 4.2% during the third quarter. MAI Capital Management now owns 9,017 shares of the company’s stock valued at $534,000 after acquiring an additional 367 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in iShares U.S. Medical Devices ETF by 38.5% during the third quarter. Citizens Financial Group Inc. RI now owns 37,257 shares of the company’s stock valued at $2,206,000 after acquiring an additional 10,361 shares during the period. Meridian Wealth Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the third quarter valued at about $447,000. Finally, Nwam LLC bought a new stake in iShares U.S. Medical Devices ETF during the third quarter valued at about $747,000.

iShares U.S. Medical Devices ETF Price Performance

IHI stock opened at $59.99 on Thursday. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $65.18. The company has a 50-day moving average of $62.73 and a two-hundred day moving average of $60.52. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90.

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.