MCF Advisors LLC Increases Stake in iShares U.S. Medical Devices ETF $IHI

MCF Advisors LLC boosted its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6,477.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,168 shares of the company’s stock after acquiring an additional 16,907 shares during the quarter. MCF Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,067,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc raised its position in iShares U.S. Medical Devices ETF by 27.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 793 shares of the company’s stock valued at $49,000 after acquiring an additional 171 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in iShares U.S. Medical Devices ETF by 0.4% in the third quarter. Integrated Advisors Network LLC now owns 48,878 shares of the company’s stock valued at $2,937,000 after purchasing an additional 175 shares during the period. Choreo LLC grew its holdings in iShares U.S. Medical Devices ETF by 1.4% in the fourth quarter. Choreo LLC now owns 12,917 shares of the company’s stock valued at $809,000 after purchasing an additional 175 shares during the period. Russell Investments Group Ltd. grew its holdings 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 during the period. Finally, Retirement Planning Group LLC grew its holdings in iShares U.S. Medical Devices ETF by 4.6% in the fourth quarter. Retirement Planning Group LLC now owns 4,107 shares of the company’s stock valued at $255,000 after purchasing an additional 182 shares during the period.

iShares U.S. Medical Devices ETF Trading Up 0.4%

Shares of IHI opened at $50.08 on Friday. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The stock’s 50 day moving average is $51.38 and its two-hundred day moving average is $57.28. The firm has a market cap of $3.10 billion, a P/E ratio of 30.76 and a beta of 0.83.

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.