Capital Investment Advisory Services LLC Boosts Stock Position in iShares U.S. Medical Devices ETF $IHI

Capital Investment Advisory Services LLC lifted its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 409.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,640 shares of the company’s stock after acquiring an additional 51,137 shares during the period. Capital Investment Advisory Services LLC’s holdings in iShares U.S. Medical Devices ETF were worth $3,823,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in iShares U.S. Medical Devices ETF by 1.5% in the 3rd quarter. HB Wealth Management LLC now owns 11,064 shares of the company’s stock worth $665,000 after acquiring an additional 162 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 5.4% in the 3rd quarter. Salem Investment Counselors Inc. now owns 3,353 shares of the company’s stock valued at $201,000 after acquiring an additional 172 shares during the period. Russell Investments Group Ltd. boosted its holdings in iShares U.S. Medical Devices ETF by 15.7% in the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after purchasing an additional 177 shares during the last quarter. Black Swift Group LLC lifted its holdings in iShares U.S. Medical Devices ETF by 5.0% in the second quarter. Black Swift Group LLC now owns 5,280 shares of the company’s stock valued at $331,000 after acquiring an additional 250 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in shares of iShares U.S. Medical Devices ETF by 0.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 29,761 shares of the company’s stock worth $1,864,000 after acquiring an additional 270 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI opened at $57.93 on Friday. The company’s 50-day moving average is $62.06 and its two-hundred day moving average is $61.49. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $65.01.

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.