Segment Wealth Management LLC Purchases New Position in iShares U.S. Medical Devices ETF $IHI

Segment Wealth Management LLC purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,883 shares of the company’s stock, valued at approximately $3,012,000. Segment Wealth Management LLC owned about 0.09% of iShares U.S. Medical Devices ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Interstate Bank acquired a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at approximately $2,498,000. Sigma Planning Corp acquired a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth approximately $624,000. Citizens Financial Group Inc. RI bought a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $361,000. Sowell Financial Services LLC grew its holdings in iShares U.S. Medical Devices ETF by 46.0% in the 3rd quarter. Sowell Financial Services LLC now owns 12,506 shares of the company’s stock worth $640,000 after buying an additional 3,940 shares in the last quarter. Finally, Manchester Capital Management LLC bought a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth approximately $415,000.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $55.04 on Tuesday. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The stock has a market cap of $3.58 billion, a P/E ratio of 30.76 and a beta of 0.82. The stock’s 50 day moving average price is $53.09 and its 200 day moving average price is $53.85.

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.