Kovack Advisors Inc. Raises Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Kovack Advisors Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 11.8% during the 4th quarter, Holdings Channel reports. The firm owned 11,875 shares of the company’s stock after buying an additional 1,251 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. boosted its position 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 valued at $60,000 after buying an additional 691 shares during the period. Arkadios Wealth Advisors raised its stake in shares of iShares U.S. Medical Devices ETF by 14.9% in the third quarter. Arkadios Wealth Advisors now owns 5,700 shares of the company’s stock valued at $338,000 after acquiring an additional 740 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in iShares U.S. Medical Devices ETF by 1.4% in the third quarter. Integrated Advisors Network LLC now owns 25,978 shares of the company’s stock valued at $1,538,000 after purchasing an additional 356 shares during the period. Pinnacle Associates Ltd. grew its stake in iShares U.S. Medical Devices ETF by 4.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 31,066 shares of the company’s stock worth $1,677,000 after purchasing an additional 1,260 shares in the last quarter. Finally, US Bancorp DE increased its holdings in iShares U.S. Medical Devices ETF by 2.7% during the 3rd quarter. US Bancorp DE now owns 38,478 shares of the company’s stock worth $2,279,000 after purchasing an additional 1,024 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $63.16 on Friday. iShares U.S. Medical Devices ETF has a 1 year low of $53.72 and a 1 year high of $65.18. The stock has a market capitalization of $5.97 billion, a PE ratio of 35.18 and a beta of 0.83. The stock has a 50-day simple moving average of $62.18 and a 200-day simple moving average of $60.15.

iShares U.S. Medical Devices ETF Company 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.