ST Germain D J Co. Inc. Invests $654,000 in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

ST Germain D J Co. Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,202 shares of the company’s stock, valued at approximately $654,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IHI. International Assets Investment Management LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 5,167.0% during the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after purchasing an additional 744,407 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. Gimbal Financial bought a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth $6,609,000. Eaton Financial Holdings Company LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth $2,061,000. Finally, Benjamin Edwards Inc. boosted its position in shares of iShares U.S. Medical Devices ETF by 85,809.7% during the third quarter. Benjamin Edwards Inc. now owns 26,632 shares of the company’s stock worth $1,578,000 after purchasing an additional 26,601 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.9 %

Shares of NYSEARCA IHI opened at $59.85 on Friday. iShares U.S. Medical Devices ETF has a twelve month low of $53.72 and a twelve month high of $61.28. The company’s fifty day moving average is $59.75 and its 200-day moving average is $58.25. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.