Wealthedge Investment Advisors LLC Has $1.80 Million Position in iShares U.S. Medical Devices ETF $IHI

Wealthedge Investment Advisors LLC grew its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.4% in the second quarter, Holdings Channel.com reports. The firm owned 28,702 shares of the company’s stock after purchasing an additional 2,234 shares during the period. Wealthedge Investment Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,798,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Country Trust Bank acquired a new stake in iShares U.S. Medical Devices ETF during the 2nd quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter worth approximately $36,000. RMG Wealth Management LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter worth approximately $58,000. Founders Financial Alliance LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 14.3% during the first quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after purchasing an additional 163 shares during the period. Finally, Russell Investments Group Ltd. grew its position in iShares U.S. Medical Devices ETF by 15.7% during 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 in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock opened at $64.36 on Monday. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $65.18. The firm has a market cap of $4.40 billion, a PE ratio of 30.76 and a beta of 0.89. The firm’s 50 day moving average price is $61.13 and its two-hundred day moving average price is $61.31.

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.