Madden Advisory Services Inc. Sells 4,190 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Madden Advisory Services Inc. decreased its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,752 shares of the company’s stock after selling 4,190 shares during the quarter. iShares U.S. Medical Devices ETF comprises approximately 1.3% of Madden Advisory Services Inc.’s holdings, making the stock its 25th largest position. Madden Advisory Services Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the first quarter worth $27,000. GAMMA Investing LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 91.1% during the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after purchasing an additional 246 shares during the period. Global Trust Asset Management LLC raised its position in shares of iShares U.S. Medical Devices ETF by 400.0% during the second quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock valued at $42,000 after buying an additional 600 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter valued at about $58,000. Finally, Blue Trust Inc. grew its position in iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after buying an additional 691 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Up 0.0 %

Shares of IHI opened at $59.15 on Tuesday. The stock’s 50-day moving average price is $58.83 and its 200 day moving average price is $56.92. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 12-month low of $45.03 and a 12-month high of $60.43.

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.