Valley Wealth Managers Inc. Sells 28,398 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Valley Wealth Managers Inc. reduced its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 53.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,715 shares of the company’s stock after selling 28,398 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,464,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Concord Wealth Partners raised its stake in iShares U.S. Medical Devices ETF by 8.7% in the 3rd quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock worth $128,000 after acquiring an additional 173 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 2.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock worth $492,000 after purchasing an additional 189 shares during the last quarter. Continuum Advisory LLC grew its position in iShares U.S. Medical Devices ETF by 0.3% during the 2nd quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock worth $3,121,000 after purchasing an additional 193 shares during the period. Sterling Investment Counsel LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 2.2% in the 2nd quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock valued at $577,000 after buying an additional 223 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 91.1% in the second quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after buying an additional 246 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 0.2 %

iShares U.S. Medical Devices ETF stock opened at $59.54 on Friday. iShares U.S. Medical Devices ETF has a 52 week low of $48.19 and a 52 week high of $60.88. The business’s 50-day moving average price is $59.10 and its 200 day moving average price is $57.21. The firm has a market cap of $5.63 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.