Principal Securities Inc. Boosts Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Principal Securities Inc. grew its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,625 shares of the company’s stock after buying an additional 5,050 shares during the period. Principal Securities Inc. owned 0.10% of iShares U.S. Medical Devices ETF worth $5,604,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in iShares U.S. Medical Devices ETF by 5,167.0% in the 3rd quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after purchasing an additional 744,407 shares in the last quarter. Flaharty Asset Management LLC lifted its holdings in iShares U.S. Medical Devices ETF by 1.9% in the 2nd quarter. Flaharty Asset Management LLC now owns 431,783 shares of the company’s stock worth $24,197,000 after purchasing an additional 8,241 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in iShares U.S. Medical Devices ETF by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 400,501 shares of the company’s stock worth $22,444,000 after purchasing an additional 41,737 shares in the last quarter. Raymond James & Associates lifted its holdings in iShares U.S. Medical Devices ETF by 0.5% in the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock worth $22,428,000 after purchasing an additional 1,756 shares in the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in iShares U.S. Medical Devices ETF by 8.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 290,829 shares of the company’s stock worth $16,298,000 after purchasing an additional 23,162 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI opened at $59.14 on Friday. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1 year low of $45.03 and a 1 year high of $60.43. The business’s 50 day simple moving average is $58.81 and its 200-day simple moving average is $56.87.

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.