RiverFront Investment Group LLC Raises Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

RiverFront Investment Group LLC boosted its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 342,017 shares of the company’s stock after purchasing an additional 24,068 shares during the period. RiverFront Investment Group LLC owned about 0.36% of iShares U.S. Medical Devices ETF worth $19,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IHI. Blue Trust Inc. lifted its position in shares of iShares U.S. Medical Devices ETF by 86.5% during the 4th quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock valued at $116,000 after buying an additional 919 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares U.S. Medical Devices ETF by 127.6% during the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after purchasing an additional 674,168 shares during the period. Savant Capital LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth about $345,000. FMR LLC raised its position in shares of iShares U.S. Medical Devices ETF by 6.1% in the third quarter. FMR LLC now owns 28,988 shares of the company’s stock valued at $1,717,000 after purchasing an additional 1,660 shares during the period. Finally, Salem Investment Counselors Inc. lifted its stake in shares of iShares U.S. Medical Devices ETF by 41.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 4,686 shares of the company’s stock valued at $273,000 after buying an additional 1,375 shares in the last quarter.

iShares U.S. Medical Devices ETF Trading Down 1.3 %

iShares U.S. Medical Devices ETF stock opened at $59.42 on Friday. The firm has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $60.58. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90.

About iShares U.S. Medical Devices ETF

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.