HighTower Advisors LLC Increases Stock Position in iShares U.S. Medical Devices ETF $IHI

HighTower Advisors LLC increased its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,419 shares of the company’s stock after purchasing an additional 22,362 shares during the quarter. HighTower Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $11,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc boosted its stake in shares of iShares U.S. Medical Devices ETF by 27.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 793 shares of the company’s stock valued at $49,000 after purchasing an additional 171 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 0.4% in the third quarter. Integrated Advisors Network LLC now owns 48,878 shares of the company’s stock valued at $2,937,000 after purchasing an additional 175 shares during the period. Choreo LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 1.4% in the fourth quarter. Choreo LLC now owns 12,917 shares of the company’s stock valued at $809,000 after purchasing an additional 175 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of iShares U.S. Medical Devices ETF by 15.7% in the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after purchasing an additional 177 shares during the period. Finally, Retirement Planning Group LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 4.6% in the fourth quarter. Retirement Planning Group LLC now owns 4,107 shares of the company’s stock valued at $255,000 after purchasing an additional 182 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $50.57 on Tuesday. The company has a market capitalization of $3.13 billion, a PE ratio of 30.76 and a beta of 0.86. The firm has a fifty day simple moving average of $52.39 and a 200-day simple moving average of $58.05. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71.

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.