Nelson Capital Management LLC purchased a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,206 shares of the company’s stock, valued at approximately $1,545,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $32,000. William Mack & Associates Inc. purchased a new position in iShares U.S. Medical Devices ETF during the third quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the 1st quarter worth approximately $35,000. Livelsberger Financial Advisory bought a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $37,000. Finally, Next Level Wealth Planning LLC bought a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $54,000.
iShares U.S. Medical Devices ETF Stock Performance
NYSEARCA IHI traded up $0.56 on Friday, hitting $58.02. The stock had a trading volume of 1,838,728 shares, compared to its average volume of 2,641,294. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 32.30 and a beta of 0.81. The firm has a 50-day moving average of $53.61 and a 200-day moving average of $53.50.
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.
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