Ayalon Insurance Comp Ltd. Purchases New Shares in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Ayalon Insurance Comp Ltd. purchased a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,799 shares of the company’s stock, valued at approximately $1,733,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at $33,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at $33,000. Aspect Partners LLC purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at $35,000. Kohmann Bosshard Financial Services LLC purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at $37,000. Finally, Millstone Evans Group LLC purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at $39,000.

iShares U.S. Medical Devices ETF Stock Down 1.3%

IHI opened at $60.31 on Wednesday. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 31.04 and a beta of 0.92. iShares U.S. Medical Devices ETF has a 52-week low of $52.90 and a 52-week high of $65.18. The firm’s fifty day simple moving average is $60.17 and its two-hundred day simple moving average is $60.74.

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.