RWA Wealth Partners LLC Takes $3.62 Million Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

RWA Wealth Partners LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 66,978 shares of the company’s stock, valued at approximately $3,615,000. RWA Wealth Partners LLC owned approximately 0.06% of iShares U.S. Medical Devices ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in iShares U.S. Medical Devices ETF by 24.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 367,812 shares of the company’s stock valued at $19,851,000 after acquiring an additional 71,596 shares during the period. Keystone Wealth Services LLC bought a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $213,000. Armor Investment Advisors LLC lifted its holdings in iShares U.S. Medical Devices ETF by 3.0% in the fourth quarter. Armor Investment Advisors LLC now owns 38,200 shares of the company’s stock valued at $2,062,000 after acquiring an additional 1,116 shares during the period. Realta Investment Advisors lifted its holdings in iShares U.S. Medical Devices ETF by 4.2% in the fourth quarter. Realta Investment Advisors now owns 5,728 shares of the company’s stock valued at $309,000 after acquiring an additional 233 shares during the period. Finally, CMH Wealth Management LLC lifted its holdings in iShares U.S. Medical Devices ETF by 51.5% in the fourth quarter. CMH Wealth Management LLC now owns 100,036 shares of the company’s stock valued at $5,399,000 after acquiring an additional 33,986 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $54.97 on Tuesday. The business’s 50-day moving average is $57.11 and its two-hundred day moving average is $53.24. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 34.68 and a beta of 0.82. iShares U.S. Medical Devices ETF has a fifty-two week low of $43.96 and a fifty-two week 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.