Triangle Securities Wealth Management purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,552 shares of the company’s stock, valued at approximately $1,131,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Investment Counsel Inc. acquired a new position in iShares U.S. Medical Devices ETF in the third quarter valued at about $508,000. Columbus Macro LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter valued at about $2,285,000. Focus Financial Network Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter valued at about $207,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter valued at about $2,051,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at approximately $328,000.
iShares U.S. Medical Devices ETF Stock Performance
iShares U.S. Medical Devices ETF stock opened at $52.71 on Thursday. The company’s 50 day simple moving average is $53.24 and its 200-day simple moving average is $51.83. iShares U.S. Medical Devices ETF has a 1 year low of $47.37 and a 1 year high of $64.71. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.
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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