Peapack Gladstone Financial Corp Reduces Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Peapack Gladstone Financial Corp reduced its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,493 shares of the company’s stock after selling 5,250 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in iShares U.S. Medical Devices ETF were worth $5,864,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Valley Wealth Managers Inc. raised its holdings in iShares U.S. Medical Devices ETF by 0.6% in the 4th quarter. Valley Wealth Managers Inc. now owns 24,875 shares of the company’s stock valued at $1,451,000 after acquiring an additional 160 shares during the last quarter. Tyche Wealth Partners LLC increased its stake in iShares U.S. Medical Devices ETF by 5.0% in the fourth quarter. Tyche Wealth Partners LLC now owns 4,198 shares of the company’s stock valued at $245,000 after purchasing an additional 198 shares during the last quarter. Snider Financial Group lifted its position in iShares U.S. Medical Devices ETF by 0.3% during the fourth quarter. Snider Financial Group now owns 71,092 shares of the company’s stock worth $4,148,000 after buying an additional 212 shares during the period. LaFleur & Godfrey LLC boosted its stake in iShares U.S. Medical Devices ETF by 6.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock worth $222,000 after buying an additional 228 shares during the last quarter. Finally, Montag A & Associates Inc. grew its holdings in iShares U.S. Medical Devices ETF by 13.7% in the 4th quarter. Montag A & Associates Inc. now owns 2,070 shares of the company’s stock valued at $121,000 after buying an additional 250 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock opened at $55.00 on Monday. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18. The firm’s 50-day simple moving average is $62.22 and its 200-day simple moving average is $60.58. The firm has a market cap of $4.32 billion, a P/E ratio of 29.98 and a beta of 0.90.

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.