Valmark Advisers Inc. Acquires 428 Shares of iShares U.S. Medical Devices ETF $IHI

Valmark Advisers Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,055 shares of the company’s stock after acquiring an additional 428 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Founders Financial Alliance LLC grew its holdings in iShares U.S. Medical Devices ETF by 14.3% during the 1st quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after acquiring an additional 163 shares during the last quarter. Stephens Inc. AR grew its holdings in iShares U.S. Medical Devices ETF by 2.2% during the 1st quarter. Stephens Inc. AR now owns 8,398 shares of the company’s stock worth $506,000 after acquiring an additional 182 shares during the last quarter. Summit Financial LLC grew its holdings in iShares U.S. Medical Devices ETF by 2.1% during the 1st quarter. Summit Financial LLC now owns 9,045 shares of the company’s stock worth $544,000 after acquiring an additional 185 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in iShares U.S. Medical Devices ETF by 2.7% during the 1st quarter. Sunbelt Securities Inc. now owns 7,860 shares of the company’s stock worth $473,000 after acquiring an additional 210 shares during the last quarter. Finally, Signet Financial Management LLC grew its holdings in iShares U.S. Medical Devices ETF by 3.2% during the 2nd quarter. Signet Financial Management LLC now owns 6,734 shares of the company’s stock worth $422,000 after acquiring an additional 211 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $58.83 on Friday. The firm’s fifty day moving average is $61.04 and its 200-day moving average is $60.52. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18. The firm has a market cap of $4.07 billion, a P/E ratio of 30.76 and a beta of 0.85.

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.