Foundations Investment Advisors LLC Acquires Shares of 285,784 iShares U.S. Medical Devices ETF $IHI

Foundations Investment Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 285,784 shares of the company’s stock, valued at approximately $17,761,000.

Several other large investors also recently modified their holdings of IHI. Jones Financial Companies Lllp boosted its holdings in iShares U.S. Medical Devices ETF by 8.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 177,528 shares of the company’s stock worth $10,595,000 after buying an additional 13,363 shares during the period. High Point Wealth Management LLC bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $1,950,000. Sava Penzisko Drushtvo A.D. Skopje bought a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $8,720,000. Trivium Point Advisory LLC boosted its holdings 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 buying an additional 13,533 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 134.6% in the 3rd quarter. Belpointe Asset Management LLC now owns 20,643 shares of the company’s stock worth $1,240,000 after buying an additional 11,843 shares during the period.

iShares U.S. Medical Devices ETF Trading Down 2.4%

IHI opened at $49.17 on Thursday. The company has a 50 day moving average of $52.17 and a 200 day moving average of $57.90. The company has a market cap of $3.04 billion, a PE ratio of 30.76 and a beta of 0.86. 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.