Burke & Herbert Bank & Trust Co. Purchases 17,900 Shares of iShares U.S. Medical Devices ETF $IHI

Burke & Herbert Bank & Trust Co. purchased a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the third quarter, Holdings Channel reports. The firm purchased 17,900 shares of the company’s stock, valued at approximately $916,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Scarborough Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF during the 1st quarter valued at about $32,000. William Mack & Associates Inc. bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $35,000. Livelsberger Financial Advisory bought a new position in iShares U.S. Medical Devices ETF during the 3rd quarter valued at $37,000. Finally, Next Level Wealth Planning LLC purchased a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth $54,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA IHI traded down $1.44 during midday trading on Friday, reaching $57.59. The company’s stock had a trading volume of 2,749,799 shares, compared to its average volume of 2,653,877. The stock has a market capitalization of $3.94 billion, a P/E ratio of 30.76 and a beta of 0.81. The firm has a 50 day moving average price of $53.26 and a 200-day moving average price of $53.56. 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.