iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. cut its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 54.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,048 shares of the company’s stock after selling 50,440 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $2,323,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Buck Wealth Strategies LLC purchased a new stake in iShares U.S. Medical Devices ETF in the third quarter valued at $26,000. Provence Wealth Management Group acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth about $43,000. Planned Solutions Inc. purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $49,000. Arvest Investments Inc. acquired a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth $52,000. Finally, Register Financial Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth about $86,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of iShares U.S. Medical Devices ETF stock traded up $0.71 during trading hours on Thursday, reaching $55.86. 686,790 shares of the company were exchanged, compared to its average volume of 1,160,520. The stock’s fifty day moving average is $56.69 and its 200 day moving average is $53.95. The firm has a market cap of $5.28 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year high of $59.14.

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.