Wealthedge Investment Advisors LLC Acquires Shares of 15,811 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Wealthedge Investment Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 15,811 shares of the company’s stock, valued at approximately $923,000.

Several other hedge funds also recently bought and sold shares of the business. Valley Wealth Managers Inc. grew its position in iShares U.S. Medical Devices ETF by 0.6% in the 4th quarter. Valley Wealth Managers Inc. now owns 24,875 shares of the company’s stock valued at $1,451,000 after acquiring an additional 160 shares during the last quarter. Tyche Wealth Partners LLC grew its position in iShares U.S. Medical Devices ETF by 5.0% in the 4th quarter. Tyche Wealth Partners LLC now owns 4,198 shares of the company’s stock valued at $245,000 after acquiring an additional 198 shares during the last quarter. Snider Financial Group grew its position in iShares U.S. Medical Devices ETF by 0.3% in the 4th quarter. Snider Financial Group now owns 71,092 shares of the company’s stock valued at $4,148,000 after acquiring an additional 212 shares during the last quarter. LaFleur & Godfrey LLC grew its position in iShares U.S. Medical Devices ETF by 6.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock valued at $222,000 after acquiring an additional 228 shares during the last quarter. Finally, Montag A & Associates Inc. grew its position in iShares U.S. Medical Devices ETF by 13.7% in the 4th quarter. Montag A & Associates Inc. now owns 2,070 shares of the company’s stock valued at $121,000 after acquiring an additional 250 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Up 2.0%

Shares of iShares U.S. Medical Devices ETF stock opened at $61.90 on Wednesday. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18. The company has a market capitalization of $4.66 billion, a PE ratio of 31.04 and a beta of 0.92. The stock’s fifty day moving average is $59.25 and its two-hundred day moving average is $60.62.

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.