Journey Beyond Wealth LLC bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 11,669 shares of the company’s stock, valued at approximately $597,000. iShares U.S. Medical Devices ETF makes up about 0.5% of Journey Beyond Wealth LLC’s investment portfolio, making the stock its 21st largest position.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMC Chicago LLC lifted its stake in iShares U.S. Medical Devices ETF by 100.0% in the first quarter. IMC Chicago LLC now owns 5,066 shares of the company’s stock valued at $270,000 after acquiring an additional 12,156,873 shares during the last quarter. Annex Advisory Services LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth about $33,602,000. Congress Asset Management Co. acquired a new position in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth about $13,481,000. Hamilton Wealth LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 222.7% during the 1st quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock worth $14,072,000 after purchasing an additional 182,020 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $8,322,000.
iShares U.S. Medical Devices ETF Stock Performance
Shares of IHI stock opened at $57.59 on Monday. The firm’s 50-day moving average is $53.26 and its 200-day moving average is $53.56. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71.
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.
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