Paragon Financial Partners Inc. Increases Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Paragon Financial Partners Inc. grew its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,641 shares of the company’s stock after buying an additional 1,657 shares during the quarter. iShares U.S. Medical Devices ETF accounts for approximately 0.8% of Paragon Financial Partners Inc.’s holdings, making the stock its 23rd biggest holding. Paragon Financial Partners Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,088,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Modus Advisors LLC bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new position in iShares U.S. Medical Devices ETF during the 3rd quarter valued at about $35,000. Truvestments Capital LLC bought a new position in iShares U.S. Medical Devices ETF during the 3rd quarter valued at about $53,000. TD Private Client Wealth LLC grew its holdings in iShares U.S. Medical Devices ETF by 49.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock valued at $55,000 after purchasing an additional 311 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in iShares U.S. Medical Devices ETF by 186.3% during the 3rd quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after purchasing an additional 691 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Up 0.3 %

Shares of NYSEARCA:IHI opened at $63.25 on Thursday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $63.79. The firm’s 50-day moving average is $60.02 and its 200 day moving average is $58.63.

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.