Global View Capital Management LLC Makes New Investment in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Global View Capital Management LLC bought a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, Holdings Channel reports. The firm bought 3,458 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 0.6% in the 4th quarter. Valley Wealth Managers Inc. now owns 24,875 shares of the company’s stock worth $1,451,000 after buying an additional 160 shares during the period. Tyche Wealth Partners LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 5.0% in the 4th quarter. Tyche Wealth Partners LLC now owns 4,198 shares of the company’s stock worth $245,000 after buying an additional 198 shares during the period. Snider Financial Group lifted its holdings in shares of iShares U.S. Medical Devices ETF by 0.3% in the 4th quarter. Snider Financial Group now owns 71,092 shares of the company’s stock worth $4,148,000 after buying an additional 212 shares during the period. LaFleur & Godfrey LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 6.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock worth $222,000 after buying an additional 228 shares during the period. Finally, Montag A & Associates Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 13.7% in the 4th quarter. Montag A & Associates Inc. now owns 2,070 shares of the company’s stock worth $121,000 after buying an additional 250 shares during the period.

iShares U.S. Medical Devices ETF Trading Down 2.5 %

Shares of IHI stock opened at $60.36 on Tuesday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90. iShares U.S. Medical Devices ETF has a twelve month low of $53.72 and a twelve month high of $65.18. The stock has a fifty day simple moving average of $62.64 and a two-hundred day simple moving average of $60.46.

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.