iShares U.S. Medical Devices ETF $IHI Stock Sold by TPG Advisors LLC

TPG Advisors LLC lessened its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 65.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,788 shares of the company’s stock after selling 11,134 shares during the period. TPG Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IHI. Annex Advisory Services LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the second quarter worth about $33,602,000. Envestnet Asset Management Inc. lifted its stake in iShares U.S. Medical Devices ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock valued at $32,548,000 after acquiring an additional 4,089 shares in the last quarter. Hamilton Wealth LLC lifted its stake in iShares U.S. Medical Devices ETF by 222.7% in the 1st quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock valued at $14,072,000 after acquiring an additional 182,020 shares in the last quarter. Congress Asset Management Co. bought a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at approximately $13,481,000. Finally, Baird Financial Group Inc. boosted its position in iShares U.S. Medical Devices ETF by 39.2% during the 2nd quarter. Baird Financial Group Inc. now owns 154,893 shares of the company’s stock worth $7,653,000 after acquiring an additional 43,629 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI traded down $0.27 during trading hours on Friday, reaching $53.74. 12,112,442 shares of the stock were exchanged, compared to its average volume of 2,569,396. The stock has a market cap of $3.72 billion, a PE ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71. The firm has a 50 day moving average of $53.22 and a 200 day moving average of $51.85.

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.