Paladin Advisory Group LLC Sells 1,002 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Paladin Advisory Group LLC lessened its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 49.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,020 shares of the company’s stock after selling 1,002 shares during the period. Paladin Advisory Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $55,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in iShares U.S. Medical Devices ETF by 24.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 367,812 shares of the company’s stock valued at $19,851,000 after buying an additional 71,596 shares during the period. Armor Investment Advisors LLC raised its stake in iShares U.S. Medical Devices ETF by 3.0% in the fourth quarter. Armor Investment Advisors LLC now owns 38,200 shares of the company’s stock valued at $2,062,000 after buying an additional 1,116 shares during the period. Realta Investment Advisors raised its stake in iShares U.S. Medical Devices ETF by 4.2% in the fourth quarter. Realta Investment Advisors now owns 5,728 shares of the company’s stock valued at $309,000 after buying an additional 233 shares during the period. Sound Income Strategies LLC raised its stake in iShares U.S. Medical Devices ETF by 121.6% in the third quarter. Sound Income Strategies LLC now owns 904 shares of the company’s stock valued at $44,000 after buying an additional 496 shares during the period. Finally, Keystone Wealth Services LLC bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $213,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA IHI traded down $0.17 during trading hours on Friday, reaching $54.36. 1,346,523 shares of the stock were exchanged, compared to its average volume of 1,214,724. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14. The stock’s fifty day simple moving average is $57.16 and its 200 day simple moving average is $53.12.

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.