Ashton Thomas Private Wealth LLC Buys 6,000 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Ashton Thomas Private Wealth LLC grew its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 55.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,766 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in iShares U.S. Medical Devices ETF were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cedar Brook Financial Partners LLC raised its position in 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 worth $1,700,000 after acquiring an additional 183 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of iShares U.S. Medical Devices ETF by 1.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,628 shares of the company’s stock valued at $1,059,000 after buying an additional 186 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 0.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 52,094 shares of the company’s stock valued at $2,812,000 after acquiring an additional 214 shares during the period. Larson Financial Group LLC increased its holdings in iShares U.S. Medical Devices ETF by 6.9% in the 4th quarter. Larson Financial Group LLC now owns 3,395 shares of the company’s stock worth $183,000 after acquiring an additional 220 shares in the last quarter. Finally, Realta Investment Advisors boosted its position 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 worth $309,000 after purchasing an additional 233 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock traded up $0.23 on Friday, hitting $55.26. 156,726 shares of the stock traded hands, compared to its average volume of 1,003,706. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14. The firm has a 50 day simple moving average of $55.85 and a two-hundred day simple moving average of $56.01. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.