Kovack Advisors Inc. Sells 999 Shares of iShares U.S. Medical Devices ETF $IHI

Kovack Advisors Inc. lessened its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,877 shares of the company’s stock after selling 999 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IHI. Wayfinding Financial LLC bought a new position in iShares U.S. Medical Devices ETF during the first quarter valued at about $25,000. Legend Financial Advisors Inc. bought a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at approximately $36,000. Columbia River Financial Group LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the 1st quarter valued at approximately $34,000. RMG Wealth Management LLC acquired a new stake in iShares U.S. Medical Devices ETF in the 2nd quarter worth approximately $58,000. Finally, Key Financial Inc boosted its position in iShares U.S. Medical Devices ETF by 36.1% during the first quarter. Key Financial Inc now owns 968 shares of the company’s stock worth $58,000 after purchasing an additional 257 shares during the period.

iShares U.S. Medical Devices ETF Stock Down 0.8%

Shares of IHI stock opened at $60.19 on Friday. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18. The company has a market cap of $4.11 billion, a PE ratio of 30.76 and a beta of 0.89. The business’s 50 day moving average is $60.80 and its two-hundred day moving average is $60.87.

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.