Gray Wealth Management Inc. Decreases Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Gray Wealth Management Inc. lessened its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,140 shares of the company’s stock after selling 3,648 shares during the period. iShares U.S. Medical Devices ETF accounts for 1.1% of Gray Wealth Management Inc.’s holdings, making the stock its 21st largest holding. Gray Wealth Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $2,166,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 24.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 367,812 shares of the company’s stock worth $19,851,000 after purchasing an additional 71,596 shares during the last quarter. Armor Investment Advisors LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 3.0% during the fourth quarter. Armor Investment Advisors LLC now owns 38,200 shares of the company’s stock valued at $2,062,000 after acquiring an additional 1,116 shares in the last quarter. Realta Investment Advisors lifted its stake in iShares U.S. Medical Devices ETF by 4.2% in the fourth quarter. Realta Investment Advisors now owns 5,728 shares of the company’s stock worth $309,000 after acquiring an additional 233 shares during the period. Sound Income Strategies LLC boosted its holdings in iShares U.S. Medical Devices ETF by 121.6% in the third quarter. Sound Income Strategies LLC now owns 904 shares of the company’s stock valued at $44,000 after acquiring an additional 496 shares in the last quarter. Finally, Keystone Wealth Services LLC purchased a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at $213,000.

iShares U.S. Medical Devices ETF Stock Down 0.5 %

Shares of IHI traded down $0.25 during trading hours on Thursday, reaching $54.53. 1,311,212 shares of the company traded hands, compared to its average volume of 1,212,962. iShares U.S. Medical Devices ETF has a 12 month low of $43.96 and a 12 month high of $59.14. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. The company’s fifty day moving average price is $57.25 and its two-hundred day moving average price is $53.06.

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.