iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lessened its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,177 shares of the company’s stock after selling 2,179 shares during the quarter. Traynor Capital Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IHI. Citigroup Inc. raised its position in iShares U.S. Medical Devices ETF by 105.8% during the third quarter. Citigroup Inc. now owns 39,058 shares of the company’s stock valued at $1,894,000 after buying an additional 20,081 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $247,000. Operose Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $331,000. Tower Research Capital LLC TRC grew its holdings in shares of iShares U.S. Medical Devices ETF by 91.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,567 shares of the company’s stock worth $610,000 after purchasing an additional 6,017 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 998.4% during the 3rd quarter. Axxcess Wealth Management LLC now owns 66,309 shares of the company’s stock worth $3,216,000 after purchasing an additional 60,272 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock opened at $55.57 on Tuesday. The stock’s fifty day simple moving average is $55.77 and its 200 day simple moving average is $55.87. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a one year low of $43.96 and a one year 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.