iShares U.S. Medical Devices ETF $IHI Stake Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 143.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,879 shares of the company’s stock after acquiring an additional 75,851 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Medical Devices ETF were worth $8,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in iShares U.S. Medical Devices ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 177,528 shares of the company’s stock worth $10,595,000 after acquiring an additional 13,363 shares in the last quarter. High Point Wealth Management LLC purchased a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth about $1,950,000. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $8,720,000. Delta Financial Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $631,000. Finally, Trivium Point Advisory LLC increased its stake in iShares U.S. Medical Devices ETF by 344.0% in the 3rd quarter. Trivium Point Advisory LLC now owns 17,467 shares of the company’s stock worth $1,049,000 after purchasing an additional 13,533 shares in the last quarter.

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

Shares of IHI opened at $50.57 on Friday. The business’s 50-day moving average price is $52.47 and its 200 day moving average price is $58.14. The stock has a market capitalization of $3.13 billion, a P/E ratio of 30.76 and a beta of 0.86. 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.