iShares U.S. Medical Devices ETF $IHI Shares Sold by Armor Investment Advisors LLC

Armor Investment Advisors LLC reduced its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,908 shares of the company’s stock after selling 981 shares during the period. iShares U.S. Medical Devices ETF accounts for about 0.9% of Armor Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Armor Investment Advisors LLC owned about 0.05% of iShares U.S. Medical Devices ETF worth $2,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in IHI. Banque Cantonale Vaudoise acquired a new position in iShares U.S. Medical Devices ETF during the 1st quarter valued at approximately $1,937,000. Atlantic Union Bankshares Corp acquired a new stake in iShares U.S. Medical Devices ETF in the second quarter worth $89,000. Stephens Inc. AR lifted its stake in iShares U.S. Medical Devices ETF by 9.2% in the second quarter. Stephens Inc. AR now owns 9,167 shares of the company’s stock valued at $574,000 after buying an additional 769 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in iShares U.S. Medical Devices ETF by 3.1% in the second quarter. Meridian Investment Counsel Inc. now owns 20,663 shares of the company’s stock valued at $1,294,000 after buying an additional 625 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 8.0% during the second quarter. Avantax Advisory Services Inc. now owns 32,629 shares of the company’s stock valued at $2,044,000 after acquiring an additional 2,421 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock opened at $63.35 on Tuesday. iShares U.S. Medical Devices ETF has a one year low of $52.90 and a one year high of $65.18. The company has a 50-day simple moving average of $60.81 and a 200-day simple moving average of $61.23. The firm has a market capitalization of $4.33 billion, a P/E ratio of 30.76 and a beta of 0.89.

iShares U.S. Medical Devices ETF Company Profile

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.