Cahaba Wealth Management Inc. Buys Shares of 4,139 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Cahaba Wealth Management Inc. purchased a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,139 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IHI. Headlands Technologies LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth $27,000. GAMMA Investing LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 91.1% in the second quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after buying an additional 246 shares during the last quarter. BNP Paribas purchased a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth $35,000. Mather Group LLC. purchased a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth $39,000. Finally, Global Trust Asset Management LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 400.0% in the second quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock worth $42,000 after buying an additional 600 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Up 2.8 %

Shares of NYSEARCA IHI traded up $1.66 during midday trading on Friday, reaching $60.31. The company had a trading volume of 735,330 shares, compared to its average volume of 862,757. The business’s 50-day simple moving average is $58.41 and its 200 day simple moving average is $56.73. The stock has a market cap of $5.70 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year 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.