Baker Avenue Asset Management LP Acquires 21,988 Shares of iShares U.S. Medical Devices ETF $IHI

Baker Avenue Asset Management LP increased its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 215,196 shares of the company’s stock after purchasing an additional 21,988 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares U.S. Medical Devices ETF were worth $13,374,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IHI. Smartleaf Asset Management LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 740.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock worth $25,000 after purchasing an additional 370 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of iShares U.S. Medical Devices ETF by 107.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. FWL Investment Management LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth about $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $29,000. Finally, Group One Trading LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth about $29,000.

iShares U.S. Medical Devices ETF Trading Down 2.4%

IHI stock opened at $49.17 on Thursday. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The company has a 50-day moving average price of $52.17 and a 200 day moving average price of $57.90. The stock has a market cap of $3.04 billion, a PE ratio of 30.76 and a beta of 0.86.

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.