Patten Group Inc. Invests $207,000 in iShares U.S. Medical Devices ETF $IHI

Patten Group Inc. purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,305 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of the business. Founders Financial Alliance LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 14.3% during the 1st quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after purchasing an additional 163 shares during the last quarter. Stephens Inc. AR increased its stake in shares of iShares U.S. Medical Devices ETF by 2.2% during the 1st quarter. Stephens Inc. AR now owns 8,398 shares of the company’s stock worth $506,000 after purchasing an additional 182 shares during the last quarter. Summit Financial LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 2.1% during the 1st quarter. Summit Financial LLC now owns 9,045 shares of the company’s stock worth $544,000 after purchasing an additional 185 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 2.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,860 shares of the company’s stock worth $473,000 after purchasing an additional 210 shares during the last quarter. Finally, Signet Financial Management LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 3.2% during the 2nd quarter. Signet Financial Management LLC now owns 6,734 shares of the company’s stock worth $422,000 after purchasing an additional 211 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 2.7%

Shares of IHI opened at $62.13 on Thursday. The company’s fifty day moving average is $60.88 and its 200-day moving average is $60.56. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 30.76 and a beta of 0.85.

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.