Fisher Asset Management LLC Trims Stake in iShares U.S. Medical Devices ETF $IHI

Fisher Asset Management LLC reduced its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 28.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,924 shares of the company’s stock after selling 41,142 shares during the quarter. Fisher Asset Management LLC owned approximately 0.15% of iShares U.S. Medical Devices ETF worth $6,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Menora Mivtachim Holdings LTD. bought a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth about $305,287,000. Envestnet Asset Management Inc. increased its holdings in iShares U.S. Medical Devices ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 757,244 shares of the company’s stock worth $47,434,000 after acquiring an additional 4,574 shares in the last quarter. Raymond James Financial Inc. raised its stake in iShares U.S. Medical Devices ETF by 13.5% during the 1st quarter. Raymond James Financial Inc. now owns 756,743 shares of the company’s stock worth $45,548,000 after acquiring an additional 90,139 shares during the period. Goldman Sachs Group Inc. lifted its holdings in iShares U.S. Medical Devices ETF by 46.7% during the first quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after purchasing an additional 135,927 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in iShares U.S. Medical Devices ETF by 295.5% during the first quarter. Jones Financial Companies Lllp now owns 416,572 shares of the company’s stock valued at $24,774,000 after purchasing an additional 311,232 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $63.31 on Friday. The company has a 50 day simple moving average of $61.39 and a two-hundred day simple moving average of $61.35. The firm has a market cap of $4.33 billion, a P/E ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $65.18.

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.