Howard Financial Services LTD. Takes $202,000 Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Howard Financial Services LTD. bought a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,585 shares of the company’s stock, valued at approximately $202,000.

Other large investors have also recently modified their holdings of the company. Pacific Sun Financial Corp bought a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at approximately $1,360,000. Valley National Advisers Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 2.5% during the 1st quarter. Valley National Advisers Inc. now owns 11,869 shares of the company’s stock valued at $678,000 after purchasing an additional 293 shares during the last quarter. Lansing Street Advisors bought a new position in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at approximately $45,000. Certified Advisory Corp boosted its holdings in iShares U.S. Medical Devices ETF by 3.3% during the 4th quarter. Certified Advisory Corp now owns 116,108 shares of the company’s stock valued at $6,104,000 after acquiring an additional 3,661 shares during the period. Finally, CMH Wealth Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 1.3% during the 1st quarter. CMH Wealth Management LLC now owns 80,545 shares of the company’s stock valued at $4,348,000 after acquiring an additional 1,045 shares during the period.

iShares U.S. Medical Devices ETF Stock Down 0.6 %

IHI traded down $0.31 during trading hours on Tuesday, reaching $50.15. 299,190 shares of the company’s stock traded hands, compared to its average volume of 903,225. The firm has a 50-day moving average price of $53.68 and a 200 day moving average price of $54.17. iShares U.S. Medical Devices ETF has a 52-week low of $46.21 and a 52-week high of $57.95. The firm has a market capitalization of $5.45 billion, a PE ratio of 33.98 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.