Avantax Advisory Services Inc. Raises Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Avantax Advisory Services Inc. raised its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,208 shares of the company’s stock after buying an additional 1,439 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IHI. Stephens Inc. AR increased its holdings in shares of iShares U.S. Medical Devices ETF by 2.2% in the first quarter. Stephens Inc. AR now owns 8,398 shares of the company’s stock valued at $506,000 after purchasing an additional 182 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Medical Devices ETF by 2.7% in the first quarter. Sunbelt Securities Inc. now owns 7,860 shares of the company’s stock valued at $473,000 after purchasing an additional 210 shares during the period. Sound Income Strategies LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 34.4% in the first quarter. Sound Income Strategies LLC now owns 851 shares of the company’s stock valued at $51,000 after purchasing an additional 218 shares during the period. LaFleur & Godfrey LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 6.2% in the first quarter. LaFleur & Godfrey LLC now owns 4,041 shares of the company’s stock valued at $243,000 after purchasing an additional 236 shares during the period. Finally, Key Financial Inc increased its holdings in shares of iShares U.S. Medical Devices ETF by 36.1% in the first quarter. Key Financial Inc now owns 968 shares of the company’s stock valued at $58,000 after purchasing an additional 257 shares during the period.

iShares U.S. Medical Devices ETF Trading Down 0.1%

NYSEARCA:IHI opened at $61.40 on Thursday. The firm has a market cap of $4.40 billion, a P/E ratio of 30.76 and a beta of 0.85. The stock’s 50 day simple moving average is $61.31 and its 200-day simple moving average is $61.10. iShares U.S. Medical Devices ETF has a 12-month low of $52.90 and a 12-month high of $65.18.

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.