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

Cypress Asset Management Inc. TX bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,042 shares of the company’s stock, valued at approximately $821,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IHI. Scarborough Advisors LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new position in iShares U.S. Medical Devices ETF during the 1st quarter worth approximately $35,000. Merkkuri Wealth Advisors LLC bought a new position in iShares U.S. Medical Devices ETF in the 1st quarter valued at approximately $53,000. Ameliora Wealth Management Ltd. bought a new position in iShares U.S. Medical Devices ETF in the 1st quarter valued at approximately $53,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $57,000.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA IHI opened at $51.10 on Friday. The firm’s fifty day moving average price is $53.33 and its two-hundred day moving average price is $51.88. The stock has a market cap of $3.45 billion, a PE ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71.

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.