Montecito Bank & Trust purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 20,314 shares of the company’s stock, valued at approximately $1,039,000.
Several other large investors have also bought and sold shares of IHI. Envestnet Asset Management Inc. boosted its stake in iShares U.S. Medical Devices ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock valued at $32,548,000 after acquiring an additional 4,089 shares during the last quarter. Anchor Investment Management LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 4.5% in the 2nd quarter. Anchor Investment Management LLC now owns 116,624 shares of the company’s stock worth $5,762,000 after purchasing an additional 5,009 shares during the last quarter. Tidal Investments LLC bought a new stake in iShares U.S. Medical Devices ETF in the second quarter valued at about $2,114,000. Integrated Wealth Concepts LLC bought a new stake in iShares U.S. Medical Devices ETF in the second quarter valued at about $465,000. Finally, NewEdge Advisors LLC lifted its stake in iShares U.S. Medical Devices ETF by 21.4% in the second quarter. NewEdge Advisors LLC now owns 75,655 shares of the company’s stock valued at $3,738,000 after buying an additional 13,341 shares during the period.
iShares U.S. Medical Devices ETF Stock Performance
IHI traded down $0.50 during midday trading on Thursday, reaching $50.65. 3,585,861 shares of the company were exchanged, compared to its average volume of 2,527,608. iShares U.S. Medical Devices ETF has a one year low of $47.37 and a one year high of $64.71. The stock has a market capitalization of $3.46 billion, a P/E ratio of 30.76 and a beta of 0.81. The stock’s 50-day simple moving average is $53.41 and its 200 day simple moving average is $52.06.
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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