Darwin Wealth Management LLC Acquires Shares of 22,041 iShares U.S. Medical Devices ETF $IHI

Darwin Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,041 shares of the company’s stock, valued at approximately $1,176,000.

Several other institutional investors have also recently made changes to their positions in IHI. Morgan Stanley raised its holdings in iShares U.S. Medical Devices ETF by 14.4% in the fourth quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock worth $213,798,000 after purchasing an additional 432,620 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares U.S. Medical Devices ETF by 19.1% in the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after buying an additional 310,962 shares during the period. Royal Bank of Canada grew its position in shares of iShares U.S. Medical Devices ETF by 2.3% in the 4th quarter. Royal Bank of Canada now owns 762,405 shares of the company’s stock worth $47,383,000 after buying an additional 17,355 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Medical Devices ETF by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock worth $29,492,000 after acquiring an additional 223,216 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in iShares U.S. Medical Devices ETF by 46.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after acquiring an additional 135,927 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI opened at $51.34 on Friday. iShares U.S. Medical Devices ETF has a one year low of $47.37 and a one year high of $64.71. The company’s 50-day simple moving average is $49.88 and its 200 day simple moving average is $55.09. The firm has a market capitalization of $3.18 billion, a P/E ratio of 30.76 and a beta of 0.82.

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.