Osaic Holdings Inc. has decreased its position in the iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.8% during the second quarter of 2023, according to its recent Form 13F filing with the U.S. Securities and Exchange Commission. Following the sale of 9,152 shares, Osaic now holds 233,731 shares of the ETF, valued at approximately $14,646,000 as of the end of the reporting period.
Several institutional investors have made notable adjustments to their holdings in the iShares U.S. Medical Devices ETF, indicating a dynamic investment landscape. For instance, Jones Financial Companies Lllp significantly increased its stake by 295.5% in the first quarter, now owning 416,572 shares valued at $24,774,000 after acquiring an additional 311,232 shares.
Bank of America Corp DE also expanded its position, raising it by 19.1% during the second quarter. The firm owns 1,934,996 shares, worth about $121,208,000, after purchasing an extra 310,962 shares. Similarly, Goldman Sachs Group Inc. increased its holdings by 46.7% in the first quarter, now possessing 427,152 shares valued at $25,710,000 after adding 135,927 shares.
In addition to these changes, B. Riley Wealth Advisors Inc. entered the market with a new stake in the ETF worth approximately $6,861,000 during the second quarter. Raymond James Financial Inc. also grew its stake by 13.5% in the first quarter, bringing its total to 756,743 shares, with a value of $45,548,000 after acquiring an additional 90,139 shares.
The iShares U.S. Medical Devices ETF opened at $62.34 on Friday, with a 50-day moving average price of $61.86 and a 200-day moving average price of $61.40. The ETF has experienced volatility over the past year, with a low of $52.90 and a high of $65.18. Currently, the ETF has a market capitalization of $4.26 billion, a price-to-earnings ratio of 30.76, and a beta of 0.89.
The iShares U.S. Medical Devices ETF, which tracks the DJ US Select Medical Equipment index, comprises manufacturers and distributors of medical devices in the United States. Launched on May 1, 2006, it is managed by BlackRock, a leading global investment management corporation.
For those interested in further details regarding institutional holdings, the latest 13F filings and insider trades can be accessed through financial platforms such as HoldingsChannel.com. Additionally, MarketBeat.com offers a concise daily summary of news and analyst ratings for the iShares U.S. Medical Devices ETF and related companies to keep investors informed.
