Redstone Wealth Management LLC Purchases Shares of 142,349 iShares U.S. Medical Devices ETF $IHI

Redstone Wealth Management LLC purchased a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 142,349 shares of the company’s stock, valued at approximately $8,847,000. iShares U.S. Medical Devices ETF accounts for approximately 7.0% of Redstone Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Redstone Wealth Management LLC owned approximately 0.23% of iShares U.S. Medical Devices ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IHI. Bank of America Corp DE increased its position in iShares U.S. Medical Devices ETF by 19.1% in the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after acquiring an additional 310,962 shares during the period. Nan Shan Life Insurance Co. Ltd. increased its position in iShares U.S. Medical Devices ETF by 894.8% in the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock valued at $14,942,000 after acquiring an additional 223,710 shares during the period. JPMorgan Chase & Co. increased its position in iShares U.S. Medical Devices ETF by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after acquiring an additional 223,216 shares during the period. Two Sigma Investments LP acquired a new position in iShares U.S. Medical Devices ETF in the 3rd quarter valued at approximately $12,401,000. Finally, Sava Penzisko Drushtvo A.D. Skopje acquired a new position in iShares U.S. Medical Devices ETF in the 3rd quarter valued at approximately $8,720,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA IHI opened at $50.57 on Monday. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71. The firm has a 50 day moving average price of $52.47 and a two-hundred day moving average price of $58.12. The stock has a market cap of $3.13 billion, a P/E ratio of 30.76 and a beta of 0.86.

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.