Global Trust Asset Management LLC Lowers Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Global Trust Asset Management LLC reduced its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 52.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,450 shares of the company’s stock after selling 1,600 shares during the period. Global Trust Asset Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $85,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. lifted its position in iShares U.S. Medical Devices ETF by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock valued at $96,000 after acquiring an additional 277 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of iShares U.S. Medical Devices ETF by 0.5% during the third quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after purchasing an additional 1,756 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 5,167.0% during the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock valued at $44,937,000 after buying an additional 744,407 shares during the last quarter. Private Advisor Group LLC increased its holdings in iShares U.S. Medical Devices ETF by 10.0% in the 3rd quarter. Private Advisor Group LLC now owns 66,263 shares of the company’s stock worth $3,924,000 after buying an additional 6,022 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after buying an additional 674,168 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 0.3 %

Shares of NYSEARCA IHI opened at $63.25 on Thursday. The firm’s 50-day moving average price is $60.02 and its 200-day moving average price is $58.63. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $63.79. The company has a market cap of $5.98 billion, a PE 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.