Acorn Wealth Advisors LLC Cuts Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Acorn Wealth Advisors LLC cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.5% during the third quarter, Holdings Channel reports. The institutional investor owned 3,747 shares of the company’s stock after selling 392 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Waverly Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF in the first quarter valued at $1,447,000. Jaffetilchin Investment Partners LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 2.1% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 23,820 shares of the company’s stock valued at $1,396,000 after purchasing an additional 491 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of iShares U.S. Medical Devices ETF in the first quarter valued at about $281,000. Strategic Wealth Partners Ltd. boosted its holdings in iShares U.S. Medical Devices ETF by 10.8% during the first quarter. Strategic Wealth Partners Ltd. now owns 128,334 shares of the company’s stock worth $7,519,000 after buying an additional 12,482 shares in the last quarter. Finally, Orleans Capital Management Corp LA grew its position in iShares U.S. Medical Devices ETF by 1.5% during the first quarter. Orleans Capital Management Corp LA now owns 48,355 shares of the company’s stock worth $2,833,000 after buying an additional 695 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $60.69 on Tuesday. The stock has a fifty day moving average price of $59.20 and a 200 day moving average price of $57.41. The stock has a market cap of $5.73 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1 year low of $49.47 and a 1 year high of $60.88.

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.