Fairvoy Private Wealth LLC Acquires New Stake in iShares U.S. Medical Devices ETF $IHI

Fairvoy Private Wealth LLC bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,011 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 22.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock worth $562,000 after acquiring an additional 1,710 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 46.7% during the first quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock worth $25,710,000 after purchasing an additional 135,927 shares during the last quarter. Russell Investments Group Ltd. grew its position in iShares U.S. Medical Devices ETF by 15.7% in the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after purchasing an additional 177 shares in the last quarter. Qube Research & Technologies Ltd grew its position in iShares U.S. Medical Devices ETF by 16.2% in the second quarter. Qube Research & Technologies Ltd now owns 158,077 shares of the company’s stock valued at $9,902,000 after purchasing an additional 22,052 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in iShares U.S. Medical Devices ETF by 188.6% in the 2nd quarter. Jane Street Group LLC now owns 55,569 shares of the company’s stock valued at $3,481,000 after buying an additional 36,312 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $50.15 on Friday. The stock’s 50-day simple moving average is $50.26 and its 200 day simple moving average is $55.90. The company has a market cap of $3.10 billion, a P/E ratio of 30.76 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71.

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.