Gray Wealth Management Inc. Has $2.17 Million Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Gray Wealth Management Inc. cut its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,140 shares of the company’s stock after selling 3,648 shares during the period. iShares U.S. Medical Devices ETF accounts for approximately 1.1% of Gray Wealth Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Gray Wealth Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $2,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Buck Wealth Strategies LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter valued at approximately $26,000. Resurgent Financial Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at $42,000. Provence Wealth Management Group acquired a new position in iShares U.S. Medical Devices ETF during the third quarter worth $43,000. Planned Solutions Inc. bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $49,000. Finally, Sound Income Strategies LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 121.6% in the 3rd quarter. Sound Income Strategies LLC now owns 904 shares of the company’s stock worth $44,000 after acquiring an additional 496 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock traded down $0.25 during trading hours on Thursday, reaching $54.53. The company had a trading volume of 1,311,212 shares, compared to its average volume of 1,212,962. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. The business has a fifty day simple moving average of $57.25 and a 200-day simple moving average of $53.06. iShares U.S. Medical Devices ETF has a 12 month low of $43.96 and a 12 month 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.