SRS Capital Advisors Inc. Acquires 1,048 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

SRS Capital Advisors Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 122.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,906 shares of the company’s stock after purchasing an additional 1,048 shares during the quarter. SRS Capital Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $111,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 0.6% in the fourth quarter. Valley Wealth Managers Inc. now owns 24,875 shares of the company’s stock valued at $1,451,000 after buying an additional 160 shares during the period. Tyche Wealth Partners LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5.0% in the fourth quarter. Tyche Wealth Partners LLC now owns 4,198 shares of the company’s stock valued at $245,000 after acquiring an additional 198 shares during the last quarter. LaFleur & Godfrey LLC increased its position in iShares U.S. Medical Devices ETF by 6.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock valued at $222,000 after purchasing an additional 228 shares during the period. Montag A & Associates Inc. raised its holdings in iShares U.S. Medical Devices ETF by 13.7% during the 4th quarter. Montag A & Associates Inc. now owns 2,070 shares of the company’s stock worth $121,000 after purchasing an additional 250 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of iShares U.S. Medical Devices ETF by 9.1% in the 4th quarter. Rosenberg Matthew Hamilton now owns 3,090 shares of the company’s stock worth $180,000 after purchasing an additional 257 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $63.43 on Thursday. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.18. The firm’s fifty day moving average is $62.45 and its 200-day moving average is $60.36. The firm has a market cap of $4.99 billion, a P/E ratio of 31.88 and a beta of 0.90.

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.