Cumberland Advisors Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 127,270 shares of the company’s stock, valued at approximately $6,510,000. iShares U.S. Medical Devices ETF makes up 2.3% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 13th biggest holding.
Other hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF in the first quarter valued at $32,000. William Mack & Associates Inc. bought a new stake in iShares U.S. Medical Devices ETF during the third quarter valued at $32,000. RMG Wealth Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the first quarter valued at $35,000. Livelsberger Financial Advisory acquired a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter worth about $37,000. Finally, Next Level Wealth Planning LLC acquired a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter worth about $54,000.
iShares U.S. Medical Devices ETF Trading Down 0.1%
IHI stock opened at $56.43 on Wednesday. The stock has a 50-day moving average price of $53.04 and a 200-day moving average price of $53.61. iShares U.S. Medical Devices ETF has a 1-year low of $47.37 and a 1-year high of $64.71. The firm has a market cap of $3.78 billion, a PE ratio of 30.76 and a beta of 0.81.
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.
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Want to see what other hedge funds are holding IHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report).
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