Geneos Wealth Management Inc. Acquires 16,764 Shares of iShares U.S. Medical Devices ETF $IHI

Geneos Wealth Management Inc. raised its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 30.2% in the second quarter, Holdings Channel.com reports. The firm owned 72,270 shares of the company’s stock after purchasing an additional 16,764 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $4,527,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IHI. Bank of America Corp DE increased its position in iShares U.S. Medical Devices ETF by 19.1% during 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 buying an additional 310,962 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 757,244 shares of the company’s stock worth $47,434,000 after acquiring an additional 4,574 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares U.S. Medical Devices ETF by 13.5% during the first quarter. Raymond James Financial Inc. now owns 756,743 shares of the company’s stock valued at $45,548,000 after acquiring an additional 90,139 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of iShares U.S. Medical Devices ETF by 46.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock worth $25,710,000 after purchasing an additional 135,927 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of iShares U.S. Medical Devices ETF by 295.5% in the 1st quarter. Jones Financial Companies Lllp now owns 416,572 shares of the company’s stock worth $24,774,000 after purchasing an additional 311,232 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $62.68 on Tuesday. The firm has a market cap of $4.28 billion, a P/E ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a fifty-two week low of $52.90 and a fifty-two week high of $65.18. The firm has a 50-day simple moving average of $61.73 and a two-hundred day simple moving average of $61.39.

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.