Gray Wealth Management Inc. Has $2.86 Million Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Gray Wealth Management Inc. increased its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 14.3% during the 4th quarter, Holdings Channel reports. The fund owned 49,011 shares of the company’s stock after acquiring an additional 6,144 shares during the period. iShares U.S. Medical Devices ETF comprises approximately 1.1% of Gray Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest position. Gray Wealth Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $2,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of IHI. Modus Advisors LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $33,000. RPg Family Wealth Advisory LLC bought a new position in iShares U.S. Medical Devices ETF in the third quarter worth approximately $35,000. Aspect Partners LLC bought a new position in iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $35,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $37,000.

iShares U.S. Medical Devices ETF Stock Up 1.0 %

Shares of NYSEARCA:IHI opened at $59.17 on Monday. iShares U.S. Medical Devices ETF has a twelve month low of $53.72 and a twelve month high of $65.18. The stock’s 50 day moving average is $62.73 and its 200-day moving average is $60.51. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90.

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.