Geneos Wealth Management Inc. raised its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 15.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,518 shares of the company’s stock after acquiring an additional 7,248 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $3,111,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 1st quarter valued at about $27,000. GAMMA Investing LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 91.1% in the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $29,000 after acquiring an additional 246 shares during the period. BNP Paribas acquired a new position in shares of iShares U.S. Medical Devices ETF in the 1st quarter valued at $35,000. Livelsberger Financial Advisory acquired a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth $39,000. Finally, Mather Group LLC. purchased a new position in iShares U.S. Medical Devices ETF during the 1st quarter worth $39,000.
iShares U.S. Medical Devices ETF Price Performance
Shares of NYSEARCA:IHI traded up $0.31 on Friday, reaching $58.25. The company’s stock had a trading volume of 79,576 shares, compared to its average volume of 949,197. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $59.14. The stock has a market capitalization of $5.50 billion, a P/E ratio of 35.18 and a beta of 0.83. The stock’s 50-day moving average is $55.93 and its two-hundred day moving average is $56.36.
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.
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