Fifth Third Securities Inc. Reduces Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Fifth Third Securities Inc. decreased its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 106,254 shares of the company’s stock after selling 4,417 shares during the quarter. Fifth Third Securities Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $6,200,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IHI. International Assets Investment Management LLC grew its holdings 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 worth $44,937,000 after buying an additional 744,407 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Medical Devices ETF by 127.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares during the last quarter. Gimbal Financial acquired a new position in iShares U.S. Medical Devices ETF in the third quarter valued at about $6,609,000. Dale Q Rice Investment Management Ltd purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $4,247,000. Finally, Valicenti Advisory Services Inc. purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $3,517,000.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $64.55 on Friday. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a fifty-two week low of $53.72 and a fifty-two week high of $65.05. The company’s 50 day moving average price is $60.53 and its 200 day moving average price is $58.96.

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.