iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Stock Position Raised by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC lifted its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,312 shares of the company’s stock after buying an additional 760 shares during the quarter. Biondo Investment Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $368,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Medical Devices ETF by 127.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after purchasing an additional 674,168 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $38,896,000. LPL Financial LLC raised its stake 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 in the last quarter. Strategic Financial Concepts LLC acquired a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $5,978,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in iShares U.S. Medical Devices ETF by 692.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 108,667 shares of the company’s stock worth $6,341,000 after purchasing an additional 94,959 shares during the period.

iShares U.S. Medical Devices ETF Trading Down 1.3 %

Shares of iShares U.S. Medical Devices ETF stock opened at $59.42 on Friday. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18. The firm has a fifty day simple moving average of $62.65 and a 200-day simple moving average of $60.58. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90.

iShares U.S. Medical Devices ETF 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.