Seven Fleet Capital Management LP Makes New $682,000 Investment in iShares U.S. Medical Devices ETF $IHI

Seven Fleet Capital Management LP purchased a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,800 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. increased its stake in iShares U.S. Medical Devices ETF by 33.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,208 shares of the company’s stock valued at $460,000 after buying an additional 2,284 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 17.0% during the second quarter. Concurrent Investment Advisors LLC now owns 14,993 shares of the company’s stock valued at $741,000 after acquiring an additional 2,178 shares during the period. Continuum Advisory LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the second quarter valued at approximately $125,000. Nwam LLC raised its holdings in iShares U.S. Medical Devices ETF by 33.2% during the second quarter. Nwam LLC now owns 8,153 shares of the company’s stock worth $403,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new stake in iShares U.S. Medical Devices ETF in the second quarter worth approximately $168,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA IHI opened at $55.39 on Thursday. The stock has a fifty day moving average price of $52.39 and a two-hundred day moving average price of $53.10. The firm has a market cap of $3.44 billion, a P/E ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a 1 year low of $47.37 and a 1 year 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.