FAS Wealth Partners Inc. Buys 870 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

FAS Wealth Partners Inc. raised its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHIFree Report) by 54.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,470 shares of the company’s stock after purchasing an additional 870 shares during the quarter. FAS Wealth Partners Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IHI. Cedar Brook Financial Partners LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 0.6% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 30,683 shares of the company’s stock valued at $1,700,000 after buying an additional 183 shares during the period. Avitas Wealth Management LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 3.5% in the first quarter. Avitas Wealth Management LLC now owns 5,993 shares of the company’s stock valued at $324,000 after buying an additional 200 shares during the period. Realta Investment Advisors increased its stake in shares of iShares U.S. Medical Devices ETF by 4.2% in the fourth quarter. Realta Investment Advisors now owns 5,728 shares of the company’s stock valued at $309,000 after buying an additional 233 shares during the period. Wealthfront Advisers LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 2.9% in the first quarter. Wealthfront Advisers LLC now owns 9,023 shares of the company’s stock valued at $550,000 after buying an additional 256 shares during the period. Finally, Gladstone Institutional Advisory LLC increased its position in iShares U.S. Medical Devices ETF by 2.8% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 9,432 shares of the company’s stock valued at $509,000 after purchasing an additional 259 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $56.95 on Wednesday. The company has a market capitalization of $6.19 billion, a PE ratio of 33.98 and a beta of 0.85. The company has a 50 day simple moving average of $57.12 and a two-hundred day simple moving average of $52.52. iShares U.S. Medical Devices ETF has a fifty-two week low of $43.96 and a fifty-two week high of $59.14.

iShares U.S. Medical Devices ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

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