Gallacher Capital Management LLC Has $510,000 Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Gallacher Capital Management LLC reduced its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,442 shares of the company’s stock after selling 3,439 shares during the period. Gallacher Capital Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $510,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Buck Wealth Strategies LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $26,000. Provence Wealth Management Group purchased a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $43,000. Planned Solutions Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $49,000. Arvest Investments Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $52,000. Finally, Register Financial Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $86,000.

iShares U.S. Medical Devices ETF Stock Up 0.6 %

Shares of iShares U.S. Medical Devices ETF stock traded up $0.33 during trading on Friday, hitting $55.49. The stock had a trading volume of 757,739 shares, compared to its average volume of 1,174,962. The stock has a 50 day simple moving average of $56.82 and a 200 day simple moving average of $53.80. The company has a market capitalization of $5.29 billion, a PE ratio of 34.68 and a beta of 0.82. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year high of $59.14.

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.