3,900 Shares in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Purchased by Western Wealth Management LLC

Western Wealth Management LLC bought a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,900 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds also recently made changes to their positions in the company. Tufton Capital Management purchased a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth about $212,000. Peterson Wealth Services purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $203,000. Migdal Insurance & Financial Holdings Ltd. raised its position in iShares U.S. Medical Devices ETF by 5,532.7% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 356,326 shares of the company’s stock valued at $19,231,000 after purchasing an additional 350,000 shares during the period. Tyche Wealth Partners LLC purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $272,000. Finally, United Asset Strategies Inc. purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $5,802,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock opened at $54.70 on Tuesday. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year high of $59.14. The stock’s 50 day simple moving average is $57.11 and its two-hundred day simple moving average is $53.24. The company has a market cap of $5.21 billion, a PE ratio of 34.68 and a beta of 0.82.

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.