Royal Bank of Canada decreased its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 729,683 shares of the company’s stock after selling 32,722 shares during the quarter. Royal Bank of Canada owned approximately 1.18% of iShares U.S. Medical Devices ETF worth $38,929,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of iShares U.S. Medical Devices ETF by 107.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $29,000. Group One Trading LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth about $29,000. Finally, Modus Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at about $30,000.
iShares U.S. Medical Devices ETF Stock Performance
Shares of IHI stock opened at $54.21 on Tuesday. The stock’s 50 day simple moving average is $50.38 and its 200 day simple moving average is $53.71. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.
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.
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