BIP Wealth LLC Takes $929,000 Position in iShares U.S. Medical Devices ETF $IHI

BIP Wealth LLC purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 1st quarter, Holdings Channel.com reports. The firm purchased 17,417 shares of the company’s stock, valued at approximately $929,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in iShares U.S. Medical Devices ETF by 22.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock worth $562,000 after purchasing an additional 1,710 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of iShares U.S. Medical Devices ETF by 46.7% in the first quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after buying an additional 135,927 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of iShares U.S. Medical Devices ETF by 15.7% in the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after buying an additional 177 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of iShares U.S. Medical Devices ETF by 16.2% in the second quarter. Qube Research & Technologies Ltd now owns 158,077 shares of the company’s stock worth $9,902,000 after buying an additional 22,052 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 188.6% in the second quarter. Jane Street Group LLC now owns 55,569 shares of the company’s stock worth $3,481,000 after buying an additional 36,312 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI opened at $51.88 on Friday. The firm has a market capitalization of $3.16 billion, a PE ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a twelve month low of $47.37 and a twelve month high of $64.71. The firm’s 50-day moving average price is $49.93 and its 200 day moving average price is $55.46.

iShares U.S. Medical Devices ETF Company 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.