Stratos Wealth Partners LTD. Reduces Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Stratos Wealth Partners LTD. lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,020 shares of the company’s stock after selling 459 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in iShares U.S. Medical Devices ETF were worth $2,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Modus Advisors LLC bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the third quarter valued at about $35,000. Synergy Asset Management LLC bought a new position in iShares U.S. Medical Devices ETF in the fourth quarter worth about $49,000. Truvestments Capital LLC purchased a new stake in iShares U.S. Medical Devices ETF in the third quarter worth about $53,000. Finally, TD Private Client Wealth LLC boosted its position in 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 acquiring an additional 311 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $63.81 on Friday. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The business’s 50 day moving average price is $60.94 and its two-hundred day moving average price is $59.29. iShares U.S. Medical Devices ETF has a fifty-two week low of $53.72 and a fifty-two week high of $65.18.

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.