FineMark National Bank & Trust bought a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,823 shares of the company’s stock, valued at approximately $223,000.
A number of other institutional investors have also recently made changes to their positions in IHI. Modern Wealth Management LLC raised its stake in iShares U.S. Medical Devices ETF by 174.0% in the 4th quarter. Modern Wealth Management LLC now owns 40,623 shares of the company’s stock valued at $2,592,000 after purchasing an additional 25,798 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares U.S. Medical Devices ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 2,237,467 shares of the company’s stock valued at $130,556,000 after buying an additional 442,603 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth about $289,000. Virtu Financial LLC boosted its position in iShares U.S. Medical Devices ETF by 52.3% during the fourth quarter. Virtu Financial LLC now owns 67,755 shares of the company’s stock worth $3,953,000 after acquiring an additional 23,259 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $39,000.
iShares U.S. Medical Devices ETF Trading Down 0.6 %
IHI stock opened at $59.92 on Thursday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90. The firm has a 50-day moving average of $62.73 and a two-hundred day moving average of $60.57. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $65.18.
iShares U.S. Medical Devices ETF 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.
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