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

WESPAC Advisors LLC lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 49.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,993 shares of the company’s stock after selling 14,436 shares during the period. WESPAC Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 91.1% during the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after purchasing an additional 246 shares in the last quarter. Global Trust Asset Management LLC grew its position in iShares U.S. Medical Devices ETF by 400.0% during the second quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock worth $42,000 after buying an additional 600 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Medical Devices ETF in the second quarter valued at about $58,000. Blue Trust Inc. lifted its position in shares of iShares U.S. Medical Devices ETF by 186.3% during the 3rd quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after acquiring an additional 691 shares during the period. Finally, Mather Group LLC. boosted its stake in shares of iShares U.S. Medical Devices ETF by 52.6% during the 2nd quarter. Mather Group LLC. now owns 1,096 shares of the company’s stock worth $64,000 after acquiring an additional 378 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $60.35 on Friday. The stock’s 50 day simple moving average is $59.20 and its 200 day simple moving average is $57.39. The stock has a market cap of $5.70 billion, a P/E 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.