Grimes & Company Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,385 shares of the company’s stock, valued at approximately $898,000.
A number of other hedge funds have also bought and sold shares of the company. Modus Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $35,000. Truvestments Capital LLC purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $53,000. TD Private Client Wealth LLC increased its stake in iShares U.S. Medical Devices ETF by 49.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock worth $55,000 after buying an additional 311 shares during the period. Finally, Blue Trust Inc. increased its stake in iShares U.S. Medical Devices ETF by 186.3% in the 3rd quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after buying an additional 691 shares during the period.
iShares U.S. Medical Devices ETF Price Performance
IHI stock opened at $63.87 on Friday. The company has a market capitalization of $6.04 billion, a PE 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 $63.95. The firm’s 50-day moving average is $60.20 and its 200 day moving average is $58.75.
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.
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