Modern Wealth Management LLC Increases Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Modern Wealth Management LLC grew its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 174.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,623 shares of the company’s stock after buying an additional 25,798 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $2,592,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 2,237,467 shares of the company’s stock valued at $130,556,000 after acquiring an additional 442,603 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at $289,000. Virtu Financial LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 52.3% in the fourth quarter. Virtu Financial LLC now owns 67,755 shares of the company’s stock valued at $3,953,000 after buying an additional 23,259 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth about $39,000. Finally, Evoke Wealth LLC acquired a new position in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $285,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI opened at $60.29 on Wednesday. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $65.18. The business’s 50 day simple moving average is $62.74 and its 200-day simple moving average is $60.58.

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.