Traynor Capital Management Inc. Has $463,000 Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Traynor Capital Management Inc. trimmed its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,939 shares of the company’s stock after selling 2,363 shares during the period. Traynor Capital Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. AlTi Global Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at $393,000. Daymark Wealth Partners LLC raised its stake in iShares U.S. Medical Devices ETF by 7.0% in the second quarter. Daymark Wealth Partners LLC now owns 6,238 shares of the company’s stock valued at $350,000 after purchasing an additional 408 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in iShares U.S. Medical Devices ETF by 10.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 126,481 shares of the company’s stock worth $7,088,000 after purchasing an additional 12,338 shares during the period. Cetera Investment Advisers grew its stake in iShares U.S. Medical Devices ETF by 3.9% during the second quarter. Cetera Investment Advisers now owns 243,033 shares of the company’s stock worth $13,620,000 after buying an additional 9,199 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in iShares U.S. Medical Devices ETF by 8.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 290,829 shares of the company’s stock valued at $16,298,000 after buying an additional 23,162 shares during the period.

iShares U.S. Medical Devices ETF Trading Up 0.3 %

Shares of NYSEARCA:IHI opened at $63.25 on Thursday. The stock has a market capitalization of $5.98 billion, a PE ratio of 35.18 and a beta of 0.83. The firm has a 50 day moving average of $60.02 and a 200-day moving average of $58.63. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $63.79.

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.