BNP Paribas Financial Markets Raises Holdings in iShares U.S. Medical Devices ETF $IHI

BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2,540.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,529 shares of the company’s stock after buying an additional 242,966 shares during the period. BNP Paribas Financial Markets’ holdings in iShares U.S. Medical Devices ETF were worth $15,695,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IHI. Bank of America Corp DE raised its stake in shares of 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 worth $121,208,000 after buying an additional 310,962 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $17,761,000. Nan Shan Life Insurance Co. Ltd. raised its stake in shares of iShares U.S. Medical Devices ETF by 894.8% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock worth $14,942,000 after buying an additional 223,710 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Medical Devices ETF by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock worth $29,492,000 after buying an additional 223,216 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $12,401,000.

iShares U.S. Medical Devices ETF Trading Up 0.4%

Shares of IHI stock opened at $50.08 on Friday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 30.76 and a beta of 0.83. The stock has a 50 day simple moving average of $51.38 and a 200-day simple moving average of $57.28. iShares U.S. Medical Devices ETF has a 12-month low of $47.37 and a 12-month high of $64.71.

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.