Farther Finance Advisors LLC Increases Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Farther Finance Advisors LLC increased its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 135.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,885 shares of the company’s stock after buying an additional 7,407 shares during the period. Farther Finance Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $763,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in iShares U.S. Medical Devices ETF by 5,167.0% during the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after acquiring an additional 744,407 shares during the period. Cetera Investment Advisers raised its position in iShares U.S. Medical Devices ETF by 435.3% during the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock worth $13,700,000 after acquiring an additional 190,153 shares during the period. Gimbal Financial acquired a new position in iShares U.S. Medical Devices ETF during the third quarter worth $6,609,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Medical Devices ETF during the second quarter worth $58,000. Finally, BNP Paribas Financial Markets raised its position in iShares U.S. Medical Devices ETF by 581.3% during the first quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock worth $6,806,000 after acquiring an additional 99,118 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $59.49 on Wednesday. The company has a fifty day moving average of $58.88 and a two-hundred day moving average of $56.98. The stock has a market capitalization of $5.62 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a fifty-two week low of $45.03 and a fifty-two week high of $60.43.

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.