Park Avenue Securities LLC purchased a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,268 shares of the company’s stock, valued at approximately $832,000.
A number of other hedge funds have also recently modified their holdings of the company. Annex Advisory Services LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the second quarter valued at about $33,602,000. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock worth $32,548,000 after purchasing an additional 4,089 shares during the last quarter. Hamilton Wealth LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 222.7% in the first quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock worth $14,072,000 after purchasing an additional 182,020 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $13,481,000. Finally, Baird Financial Group Inc. increased its holdings in iShares U.S. Medical Devices ETF by 39.2% during the 2nd quarter. Baird Financial Group Inc. now owns 154,893 shares of the company’s stock valued at $7,653,000 after purchasing an additional 43,629 shares during the period.
iShares U.S. Medical Devices ETF Price Performance
IHI opened at $56.43 on Wednesday. iShares U.S. Medical Devices ETF has a one year low of $47.37 and a one year high of $64.71. The business has a 50 day simple moving average of $53.04 and a two-hundred day simple moving average of $53.61. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 30.76 and a beta of 0.81.
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.
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