Valmark Advisers Inc. Purchases Shares of 4,005 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Valmark Advisers Inc. purchased a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,005 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at about $5,978,000. Montag A & Associates Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 13.7% during the fourth quarter. Montag A & Associates Inc. now owns 2,070 shares of the company’s stock valued at $121,000 after acquiring an additional 250 shares during the last quarter. Blue Trust Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 86.5% during the fourth quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock valued at $116,000 after acquiring an additional 919 shares during the last quarter. Hudock Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at about $230,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of iShares U.S. Medical Devices ETF by 692.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 108,667 shares of the company’s stock valued at $6,341,000 after acquiring an additional 94,959 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI opened at $64.25 on Wednesday. The stock has a market cap of $6.07 billion, a PE ratio of 35.18 and a beta of 0.83. The firm has a 50-day simple moving average of $61.46 and a two-hundred day simple moving average of $59.77. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18.

iShares U.S. Medical Devices ETF 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.