Independent Advisor Alliance purchased a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 68,940 shares of the company’s stock, valued at approximately $4,023,000.
A number of other hedge funds have also modified their holdings of IHI. Assetmark Inc. increased its holdings in iShares U.S. Medical Devices ETF by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock valued at $96,000 after purchasing an additional 277 shares during the last quarter. Blue Trust Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 86.5% in the fourth quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock valued at $116,000 after buying an additional 919 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after buying an additional 674,168 shares during the period. Savant Capital LLC acquired a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth about $345,000. Finally, FMR LLC boosted its holdings in iShares U.S. Medical Devices ETF by 6.1% during the 3rd quarter. FMR LLC now owns 28,988 shares of the company’s stock valued at $1,717,000 after acquiring an additional 1,660 shares during the period.
iShares U.S. Medical Devices ETF Price Performance
NYSEARCA IHI opened at $59.87 on Wednesday. The company has a market cap of $4.71 billion, a P/E ratio of 31.88 and a beta of 0.90. The stock has a 50-day moving average of $62.71 and a two-hundred day moving average of $60.49. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18.
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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