VestGen Advisors LLC Makes New $494,000 Investment in iShares U.S. Medical Devices ETF $IHI

VestGen Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the third quarter, Holdings Channel reports. The institutional investor acquired 9,651 shares of the company’s stock, valued at approximately $494,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Annex Advisory Services LLC bought a new position in iShares U.S. Medical Devices ETF during the second quarter worth about $33,602,000. Envestnet Asset Management Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock worth $32,548,000 after buying an additional 4,089 shares during the period. Hamilton Wealth LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 222.7% in the 1st quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock valued at $14,072,000 after acquiring 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 3rd quarter valued at about $13,481,000. Finally, Baird Financial Group Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 39.2% in the 2nd quarter. Baird Financial Group Inc. now owns 154,893 shares of the company’s stock valued at $7,653,000 after acquiring an additional 43,629 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI opened at $54.59 on Monday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82. The firm’s 50 day simple moving average is $53.02 and its 200 day simple moving average is $53.67. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71.

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.