iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Position Raised by Truist Financial Corp

Truist Financial Corp raised its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 156,010 shares of the company’s stock after buying an additional 1,582 shares during the quarter. Truist Financial Corp owned approximately 0.14% of iShares U.S. Medical Devices ETF worth $8,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IHI. Stratos Wealth Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF during the third quarter worth about $704,000. Bank of New York Mellon Corp grew its holdings in iShares U.S. Medical Devices ETF by 13.3% during the third quarter. Bank of New York Mellon Corp now owns 5,800 shares of the company’s stock worth $281,000 after acquiring an additional 683 shares during the period. Signet Financial Management LLC grew its holdings in iShares U.S. Medical Devices ETF by 14.1% during the third quarter. Signet Financial Management LLC now owns 6,169 shares of the company’s stock worth $299,000 after acquiring an additional 761 shares during the period. Arkansas Financial Group Inc. grew its holdings in iShares U.S. Medical Devices ETF by 6.9% during the third quarter. Arkansas Financial Group Inc. now owns 162,018 shares of the company’s stock worth $7,858,000 after acquiring an additional 10,521 shares during the period. Finally, Altfest L J & Co. Inc. acquired a new position in iShares U.S. Medical Devices ETF during the third quarter worth about $3,146,000.

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

NYSEARCA:IHI opened at $55.49 on Friday. The business’s 50-day moving average price is $56.82 and its 200 day moving average price is $53.69. The firm has a market cap of $5.29 billion, a P/E ratio of 34.68 and a beta of 0.82. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $59.14.

About iShares U.S. Medical Devices ETF

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.