iShares U.S. Medical Devices ETF $IHI Shares Newly Purchased by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX acquired a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,042 shares of the company’s stock, valued at approximately $821,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Acropolis Investment Management LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $246,000. Venture Visionary Partners LLC increased its position in shares of iShares U.S. Medical Devices ETF by 1.7% during the third quarter. Venture Visionary Partners LLC now owns 15,316 shares of the company’s stock worth $783,000 after buying an additional 252 shares during the period. Nautilus Advisors LLC raised its stake in iShares U.S. Medical Devices ETF by 68.5% during the third quarter. Nautilus Advisors LLC now owns 11,035 shares of the company’s stock worth $564,000 after buying an additional 4,485 shares during the last quarter. Congress Asset Management Co. bought a new position in iShares U.S. Medical Devices ETF during the third quarter worth $13,481,000. Finally, Montecito Bank & Trust acquired a new position in iShares U.S. Medical Devices ETF in the third quarter valued at $1,039,000.

iShares U.S. Medical Devices ETF Trading Up 0.3%

Shares of IHI opened at $51.10 on Friday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 30.76 and a beta of 0.82. The firm’s fifty day simple moving average is $53.33 and its two-hundred day simple moving average is $51.88. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71.

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.