HighTower Advisors LLC increased its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,462 shares of the company’s stock after acquiring an additional 31,732 shares during the quarter. HighTower Advisors LLC owned 0.25% of iShares U.S. Medical Devices ETF worth $13,798,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares in the last quarter. Raymond James Financial Inc. bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at $38,896,000. Wharton Business Group LLC increased its stake in iShares U.S. Medical Devices ETF by 3.0% during the 3rd quarter. Wharton Business Group LLC now owns 276,850 shares of the company’s stock valued at $16,395,000 after purchasing an additional 8,070 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in iShares U.S. Medical Devices ETF by 3.1% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock valued at $16,133,000 after purchasing an additional 8,199 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in iShares U.S. Medical Devices ETF by 71.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock valued at $12,060,000 after purchasing an additional 86,315 shares in the last quarter.
iShares U.S. Medical Devices ETF Trading Up 1.0 %
Shares of IHI stock opened at $59.17 on Monday. The firm has a market capitalization of $4.65 billion, a PE ratio of 31.88 and a beta of 0.90. The firm has a fifty day simple moving average of $62.73 and a two-hundred day simple moving average of $60.51. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $65.18.
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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