iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Stake Lessened by Advisors Capital Management LLC

Advisors Capital Management LLC trimmed its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,481 shares of the company’s stock after selling 351 shares during the quarter. Advisors Capital Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $495,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IHI. Modus Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at about $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $33,000. Aspect Partners LLC acquired a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $35,000. Kohmann Bosshard Financial Services LLC bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $37,000. Finally, Millstone Evans Group LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $39,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA:IHI opened at $56.65 on Wednesday. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $65.18. The company’s fifty day moving average is $60.78 and its two-hundred day moving average is $60.38. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 28.84 and a beta of 0.95.

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.