Evergreen Wealth Partners LLC Takes $2.69 Million Position in iShares U.S. Medical Devices ETF $IHI

Evergreen Wealth Partners LLC bought a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 43,303 shares of the company’s stock, valued at approximately $2,691,000. iShares U.S. Medical Devices ETF accounts for about 2.3% of Evergreen Wealth Partners LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of IHI. Smartleaf Asset Management LLC grew its stake in iShares U.S. Medical Devices ETF by 740.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after buying an additional 370 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in iShares U.S. Medical Devices ETF by 107.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. FWL Investment Management LLC acquired a new position in iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $27,000. Flagship Harbor Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF in the 4th quarter valued at about $29,000. Finally, Group One Trading LLC acquired a new position in iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $29,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $48.46 on Friday. 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 market cap of $3.00 billion, a P/E ratio of 30.76 and a beta of 0.86. The firm’s 50-day simple moving average is $53.13 and its 200 day simple moving average is $58.52.

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.