Founders Capital Management Sells 598 Shares of iShares U.S. Medical Devices ETF $IHI

Founders Capital Management decreased its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 35.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,093 shares of the company’s stock after selling 598 shares during the quarter. Founders Capital Management’s holdings in iShares U.S. Medical Devices ETF were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IHI. Banque Cantonale Vaudoise bought a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth about $1,937,000. Meridian Investment Counsel Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 3.1% in the second quarter. Meridian Investment Counsel Inc. now owns 20,663 shares of the company’s stock worth $1,294,000 after acquiring an additional 625 shares during the last quarter. Brentview Investment Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth about $60,000. ORG Partners LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth about $59,000. Finally, Institute for Wealth Management LLC. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 1.8% in the first quarter. Institute for Wealth Management LLC. now owns 29,813 shares of the company’s stock worth $1,794,000 after acquiring an additional 532 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Up 1.1%

IHI stock opened at $60.08 on Wednesday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 30.76 and a beta of 0.85. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18. The firm has a 50-day moving average price of $61.18 and a 200-day moving average price of $60.52.

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.