Tufton Capital Management Makes New $212,000 Investment in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Tufton Capital Management acquired a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,925 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of iShares U.S. Medical Devices ETF by 6.7% during the fourth quarter. Morgan Stanley now owns 3,915,871 shares of the company’s stock valued at $205,857,000 after buying an additional 245,906 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 16.6% in the 4th quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock worth $165,507,000 after acquiring an additional 436,752 shares during the last quarter. UBS Group AG lifted its holdings in iShares U.S. Medical Devices ETF by 2.1% during the 1st quarter. UBS Group AG now owns 1,813,118 shares of the company’s stock worth $110,527,000 after buying an additional 37,743 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of iShares U.S. Medical Devices ETF by 0.6% in the 1st quarter. Royal Bank of Canada now owns 1,210,875 shares of the company’s stock valued at $73,815,000 after purchasing an additional 7,739 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 25.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,178,217 shares of the company’s stock valued at $57,144,000 after buying an additional 241,824 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock traded down $0.03 during midday trading on Thursday, hitting $54.75. 796,956 shares of the company’s stock were exchanged, compared to its average volume of 1,205,693. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. The firm’s 50 day simple moving average is $57.25 and its 200 day simple moving average is $53.06.

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.