Darwin Wealth Management LLC Makes New Investment in iShares U.S. Medical Devices ETF $IHI

Darwin Wealth Management LLC bought a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,041 shares of the company’s stock, valued at approximately $1,176,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IHI. Whittier Trust Co. of Nevada Inc. boosted its stake in iShares U.S. Medical Devices ETF by 107.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. FWL Investment Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter valued at about $27,000. Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $29,000. Group One Trading LLC purchased a new position in iShares U.S. Medical Devices ETF in the second quarter worth about $29,000. Finally, Modus Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter worth about $30,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA IHI opened at $51.34 on Friday. The firm’s 50 day moving average price is $49.88 and its 200-day moving average price is $55.09. 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 cap of $3.18 billion, a PE ratio of 30.76 and a beta of 0.82.

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.