NBC Securities Inc. Sells 4,452 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

NBC Securities Inc. lowered its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 18.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,786 shares of the company’s stock after selling 4,452 shares during the quarter. NBC Securities Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,171,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IHI. Scarborough Advisors LLC bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $78,000. Mather Group LLC. bought a new position in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at approximately $39,000. LexAurum Advisors LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 4.8% during the 1st quarter. LexAurum Advisors LLC now owns 6,261 shares of the company’s stock valued at $367,000 after acquiring an additional 289 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 2.6% in the first quarter. RFG Advisory LLC now owns 14,360 shares of the company’s stock valued at $841,000 after purchasing an additional 362 shares in the last quarter. Finally, &PARTNERS increased its position in iShares U.S. Medical Devices ETF by 2.8% in the first quarter. &PARTNERS now owns 16,324 shares of the company’s stock worth $956,000 after purchasing an additional 444 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.7 %

IHI stock opened at $58.71 on Wednesday. The company has a fifty day simple moving average of $58.18 and a two-hundred day simple moving average of $56.69. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $60.11. The firm has a market capitalization of $5.55 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.