Cumberland Advisors Inc. Purchases 127,270 Shares of iShares U.S. Medical Devices ETF $IHI

Cumberland Advisors Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 127,270 shares of the company’s stock, valued at approximately $6,510,000. iShares U.S. Medical Devices ETF accounts for 2.3% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 13th largest holding. Cumberland Advisors Inc. owned 0.20% of iShares U.S. Medical Devices ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of IHI. Integrity Alliance LLC. bought a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth $844,000. Next Level Wealth Planning LLC acquired a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth about $54,000. Welch Group LLC acquired a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth about $346,000. International Assets Investment Management LLC lifted its holdings in iShares U.S. Medical Devices ETF by 365.1% during the 3rd quarter. International Assets Investment Management LLC now owns 21,987 shares of the company’s stock worth $1,125,000 after buying an additional 17,260 shares during the period. Finally, Glenview Trust Co bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $729,000.

iShares U.S. Medical Devices ETF Trading Down 0.1%

NYSEARCA IHI opened at $56.43 on Wednesday. The firm has a market capitalization of $3.78 billion, a PE ratio of 30.76 and a beta of 0.81. The business’s 50-day moving average price is $53.04 and its two-hundred day moving average price is $53.61. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month 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.