Kingsview Wealth Management LLC Purchases 84,597 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Kingsview Wealth Management LLC raised its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 300.8% during the first quarter, Holdings Channel reports. The fund owned 112,723 shares of the company’s stock after buying an additional 84,597 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $6,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IHI. Headlands Technologies LLC purchased a new position in iShares U.S. Medical Devices ETF in the first quarter valued at about $27,000. BNP Paribas purchased a new position in iShares U.S. Medical Devices ETF in the first quarter valued at about $35,000. Livelsberger Financial Advisory purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $39,000. Mather Group LLC. purchased a new position in iShares U.S. Medical Devices ETF in the first quarter valued at about $39,000. Finally, Planned Solutions Inc. purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $49,000.

iShares U.S. Medical Devices ETF Stock Performance

IHI traded up $0.86 during midday trading on Friday, reaching $56.16. The company had a trading volume of 572,978 shares, compared to its average volume of 982,848. The stock has a market cap of $5.31 billion, a PE ratio of 35.18 and a beta of 0.83. The business has a 50-day moving average price of $55.94 and a two-hundred day moving average price of $56.17. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14.

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.