Dakota Wealth Management Sells 2,321 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Dakota Wealth Management trimmed its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,923 shares of the company’s stock after selling 2,321 shares during the period. Dakota Wealth Management owned approximately 0.13% of iShares U.S. Medical Devices ETF worth $7,056,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $28,000. RPg Family Wealth Advisory LLC bought a new stake in iShares U.S. Medical Devices ETF during the third quarter worth about $35,000. Truvestments Capital LLC bought a new stake in iShares U.S. Medical Devices ETF during the third quarter worth about $53,000. TD Private Client Wealth LLC raised its holdings in iShares U.S. Medical Devices ETF by 49.8% during the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock worth $55,000 after acquiring an additional 311 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after acquiring an additional 691 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI opened at $63.08 on Wednesday. The business’s 50-day simple moving average is $59.96 and its 200 day simple moving average is $58.60. The firm has a market capitalization of $5.96 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $63.13.

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.