RiverFront Investment Group LLC grew its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 418,622 shares of the company’s stock after buying an additional 15,790 shares during the period. RiverFront Investment Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $26,017,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of IHI. Bank of America Corp DE grew its position in shares of iShares U.S. Medical Devices ETF by 19.1% in the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after purchasing an additional 310,962 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. grew its position in shares of iShares U.S. Medical Devices ETF by 894.8% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock valued at $14,942,000 after purchasing an additional 223,710 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Medical Devices ETF by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after purchasing an additional 223,216 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at approximately $12,401,000. Finally, Sava Penzisko Drushtvo A.D. Skopje acquired a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at approximately $8,720,000.
iShares U.S. Medical Devices ETF Stock Performance
Shares of IHI opened at $48.46 on Monday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 30.76 and a beta of 0.86. The company’s 50 day simple moving average is $53.13 and its 200 day simple moving average is $58.49. iShares U.S. Medical Devices ETF has a 1 year low of $47.37 and a 1 year high of $64.71.
iShares U.S. Medical Devices ETF Company 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.
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