Modern Wealth Management LLC Increases Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Modern Wealth Management LLC raised its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 174.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,623 shares of the company’s stock after buying an additional 25,798 shares during the period. Modern Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $2,592,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Modus Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth $33,000. RPg Family Wealth Advisory LLC purchased a new position in iShares U.S. Medical Devices ETF in the third quarter valued at $35,000. Aspect Partners LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at $35,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth about $37,000.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $60.29 on Wednesday. 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 cap of $4.74 billion, a P/E ratio of 29.98 and a beta of 0.90. The stock has a 50-day simple moving average of $62.74 and a 200-day simple moving average of $60.58.

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.