162,700 Shares of iShares U.S. Medical Devices ETF $IHI Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the third quarter, Holdings Channel.com reports. The fund purchased 162,700 shares of the company’s stock, valued at approximately $8,322,000.

Other hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $1,949,000. Cumberland Advisors Inc. purchased a new position in iShares U.S. Medical Devices ETF in the third quarter worth approximately $6,510,000. Integrity Alliance LLC. purchased a new position in iShares U.S. Medical Devices ETF in the third quarter worth approximately $844,000. Next Level Wealth Planning LLC purchased a new position in iShares U.S. Medical Devices ETF in the third quarter worth approximately $54,000. Finally, Welch Group LLC acquired a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $346,000.

iShares U.S. Medical Devices ETF Trading Up 1.0%

Shares of NYSEARCA:IHI opened at $58.02 on Friday. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71. The company’s 50 day moving average is $53.61 and its two-hundred day moving average is $53.50. The company has a market cap of $4.07 billion, a PE ratio of 32.30 and a beta of 0.81.

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.