Foundations Investment Advisors LLC Buys 1,289 Shares of iShares U.S. Medical Devices ETF $IHI

Foundations Investment Advisors LLC grew its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 21.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,204 shares of the company’s stock after purchasing an additional 1,289 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in iShares U.S. Medical Devices ETF during the 1st quarter worth $1,937,000. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter valued at about $89,000. Stephens Inc. AR grew its position in shares of iShares U.S. Medical Devices ETF by 9.2% in the second quarter. Stephens Inc. AR now owns 9,167 shares of the company’s stock valued at $574,000 after purchasing an additional 769 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 3.1% in the second quarter. Meridian Investment Counsel Inc. now owns 20,663 shares of the company’s stock worth $1,294,000 after purchasing an additional 625 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 0.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 105,900 shares of the company’s stock worth $6,634,000 after purchasing an additional 712 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 0.2%

IHI opened at $61.92 on Thursday. The stock’s 50 day moving average price is $60.73 and its two-hundred day moving average price is $61.18. The firm has a market capitalization of $4.23 billion, a P/E ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a 12-month low of $52.90 and a 12-month 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.