Menora Mivtachim Holdings LTD. Purchases Shares of 5,072,050 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Menora Mivtachim Holdings LTD. purchased a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,072,050 shares of the company’s stock, valued at approximately $305,287,000. iShares U.S. Medical Devices ETF makes up approximately 2.0% of Menora Mivtachim Holdings LTD.’s investment portfolio, making the stock its 13th biggest holding. Menora Mivtachim Holdings LTD. owned approximately 6.75% of iShares U.S. Medical Devices ETF at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Founders Financial Alliance LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 14.3% during the 1st quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after acquiring an additional 163 shares during the period. Stephens Inc. AR boosted its stake in shares of iShares U.S. Medical Devices ETF by 2.2% during the 1st quarter. Stephens Inc. AR now owns 8,398 shares of the company’s stock worth $506,000 after acquiring an additional 182 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of iShares U.S. Medical Devices ETF by 2.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,860 shares of the company’s stock worth $473,000 after acquiring an additional 210 shares during the period. Sound Income Strategies LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 34.4% during the 1st quarter. Sound Income Strategies LLC now owns 851 shares of the company’s stock worth $51,000 after acquiring an additional 218 shares during the period. Finally, LaFleur & Godfrey LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 6.2% during the 1st quarter. LaFleur & Godfrey LLC now owns 4,041 shares of the company’s stock worth $243,000 after acquiring an additional 236 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA IHI opened at $61.90 on Friday. The stock has a market capitalization of $4.39 billion, a PE ratio of 30.76 and a beta of 0.85. The business has a fifty day moving average price of $61.14 and a two-hundred day moving average price of $60.98. iShares U.S. Medical Devices ETF has a fifty-two week low of $52.90 and a fifty-two week high of $65.18.

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.