iShares U.S. Medical Devices ETF $IHI Shares Bought by First Interstate Bank

First Interstate Bank increased its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 61.2% in the 1st quarter, HoldingsChannel reports. The fund owned 50,890 shares of the company’s stock after acquiring an additional 19,328 shares during the period. First Interstate Bank’s holdings in iShares U.S. Medical Devices ETF were worth $2,715,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IHI. Morgan Stanley boosted its stake in iShares U.S. Medical Devices ETF by 14.4% during the fourth quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock valued at $213,798,000 after buying an additional 432,620 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares U.S. Medical Devices ETF by 19.1% during the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after acquiring an additional 310,962 shares during the period. Foundations Investment Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth about $17,761,000. BNP Paribas Financial Markets raised its position in iShares U.S. Medical Devices ETF by 2,540.7% in the fourth quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock worth $15,695,000 after acquiring an additional 242,966 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. lifted its holdings 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 last quarter.

iShares U.S. Medical Devices ETF Trading Down 1.9%

Shares of NYSEARCA IHI opened at $51.26 on Thursday. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71. The firm has a 50-day moving average of $49.87 and a two-hundred day moving average of $55.19. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.

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.