IHT Wealth Management LLC Grows Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

IHT Wealth Management LLC raised its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Rating) by 10.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 33,610 shares of the company’s stock after acquiring an additional 3,214 shares during the quarter. IHT Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New Millennium Group LLC purchased a new stake in iShares U.S. Medical Devices ETF during the second quarter valued at about $29,000. Guardian Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $28,000. Signature Securities Group Corporation purchased a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $34,000. EPG Wealth Management LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $41,000. Finally, HWG Holdings LP purchased a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $46,000.

iShares U.S. Medical Devices ETF Trading Up 1.6 %

Shares of iShares U.S. Medical Devices ETF stock opened at $52.32 on Friday. iShares U.S. Medical Devices ETF has a 12-month low of $46.21 and a 12-month high of $62.55. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 27.50 and a beta of 0.88. The company’s 50-day moving average price is $53.44 and its 200-day moving average price is $51.67.

iShares U.S. Medical Devices ETF Profile

(Get Rating)

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.