Flaharty Asset Management LLC Acquires 4,395 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Flaharty Asset Management LLC grew its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,128 shares of the company’s stock after buying an additional 4,395 shares during the period. iShares U.S. Medical Devices ETF accounts for approximately 3.4% of Flaharty Asset Management LLC’s holdings, making the stock its 13th biggest position. Flaharty Asset Management LLC owned 0.33% of iShares U.S. Medical Devices ETF worth $20,051,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Aspire Private Capital LLC bought a new position in iShares U.S. Medical Devices ETF in the 1st quarter worth about $11,499,629,000. Tucker Asset Management LLC bought a new position in iShares U.S. Medical Devices ETF in the 1st quarter worth about $25,000. First Horizon Advisors Inc. lifted its stake in iShares U.S. Medical Devices ETF by 833.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 560 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares during the period. Resurgent Financial Advisors LLC bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $42,000. Finally, Northwest Capital Management Inc bought a new position in iShares U.S. Medical Devices ETF during the 2nd quarter valued at about $45,000.

iShares U.S. Medical Devices ETF Stock Up 0.8 %

IHI traded up $0.39 during midday trading on Tuesday, hitting $49.67. 600,027 shares of the company traded hands, compared to its average volume of 1,062,778. The firm has a market capitalization of $5.40 billion, a PE ratio of 33.98 and a beta of 0.85. The company’s 50-day moving average is $47.49 and its 200 day moving average is $52.00. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $57.95.

iShares U.S. Medical Devices ETF Company 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.