Paladin Advisory Group LLC Sells 1,002 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Paladin Advisory Group LLC cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 49.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,020 shares of the company’s stock after selling 1,002 shares during the period. Paladin Advisory Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of IHI. Morgan Stanley boosted its holdings in iShares U.S. Medical Devices ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 3,915,871 shares of the company’s stock valued at $205,857,000 after purchasing an additional 245,906 shares during the period. Meitav Investment House Ltd. boosted its holdings in iShares U.S. Medical Devices ETF by 16.6% in the 4th quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock valued at $165,507,000 after purchasing an additional 436,752 shares during the period. UBS Group AG boosted its holdings in iShares U.S. Medical Devices ETF by 2.1% in the 1st quarter. UBS Group AG now owns 1,813,118 shares of the company’s stock valued at $110,527,000 after purchasing an additional 37,743 shares during the period. Royal Bank of Canada boosted its holdings in iShares U.S. Medical Devices ETF by 0.6% in the 1st quarter. Royal Bank of Canada now owns 1,210,875 shares of the company’s stock valued at $73,815,000 after purchasing an additional 7,739 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 25.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,178,217 shares of the company’s stock valued at $57,144,000 after purchasing an additional 241,824 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI traded down $0.17 during trading hours on Friday, hitting $54.36. The stock had a trading volume of 1,346,523 shares, compared to its average volume of 1,214,724. The company has a 50 day simple moving average of $57.16 and a two-hundred day simple moving average of $53.12. iShares U.S. Medical Devices ETF has a one year low of $43.96 and a one year high of $59.14. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85.

iShares U.S. Medical Devices ETF 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.