iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,159 shares of the company’s stock after selling 11,322 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $6,744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IHI. Concord Wealth Partners boosted its holdings in iShares U.S. Medical Devices ETF by 8.7% in the third quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock worth $128,000 after purchasing an additional 173 shares during the period. Continuum Advisory LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 0.3% in the 2nd quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock worth $3,121,000 after buying an additional 193 shares during the last quarter. Sterling Investment Counsel LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 2.2% in the 2nd quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock worth $577,000 after buying an additional 223 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock valued at $96,000 after buying an additional 277 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of iShares U.S. Medical Devices ETF by 49.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock valued at $55,000 after buying an additional 311 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.8 %

Shares of NYSEARCA IHI opened at $59.58 on Friday. The firm’s 50-day moving average price is $59.69 and its two-hundred day moving average price is $57.86. iShares U.S. Medical Devices ETF has a 52-week low of $52.50 and a 52-week high of $61.28. The stock has a market capitalization of $5.63 billion, a P/E ratio of 35.18 and a beta of 0.83.

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.