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

Acorn Wealth Advisors LLC lessened its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,473 shares of the company’s stock after selling 274 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in iShares U.S. Medical Devices ETF by 20.7% during the third quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock worth $96,000 after purchasing an additional 277 shares during the period. Blue Trust Inc. grew its holdings in shares of iShares U.S. Medical Devices ETF by 86.5% in the fourth quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock valued at $116,000 after purchasing an additional 919 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Medical Devices ETF by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after purchasing an additional 674,168 shares in the last quarter. Savant Capital LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $345,000. Finally, FMR LLC lifted its holdings in iShares U.S. Medical Devices ETF by 6.1% during the 3rd quarter. FMR LLC now owns 28,988 shares of the company’s stock worth $1,717,000 after buying an additional 1,660 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Down 1.1 %

Shares of IHI stock opened at $63.98 on Wednesday. The firm has a 50 day moving average of $61.95 and a two-hundred day moving average of $60.10. The stock has a market capitalization of $6.05 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 $65.18.

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.