Eq LLC Sells 1,103 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Eq LLC trimmed its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,479 shares of the company’s stock after selling 1,103 shares during the period. Eq LLC’s holdings in iShares U.S. Medical Devices ETF were worth $670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $28,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at about $33,000. RPg Family Wealth Advisory LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the third quarter valued at about $35,000. Aspect Partners LLC purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth about $35,000. Finally, Synergy Asset Management LLC bought a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth about $49,000.

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

Shares of IHI opened at $63.98 on Wednesday. The stock has a 50 day moving average of $61.95 and a 200 day moving average of $60.10. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $65.18. The company has a market capitalization of $6.05 billion, a price-to-earnings 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.