Burke & Herbert Bank & Trust Co. Makes New Investment in iShares U.S. Medical Devices ETF $IHI

Burke & Herbert Bank & Trust Co. acquired a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,900 shares of the company’s stock, valued at approximately $916,000.

Several other hedge funds have also recently made changes to their positions in IHI. Kestra Advisory Services LLC lifted its stake in iShares U.S. Medical Devices ETF by 1.8% in the third quarter. Kestra Advisory Services LLC now owns 65,943 shares of the company’s stock valued at $3,373,000 after buying an additional 1,153 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $8,322,000. Chicago Partners Investment Group LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $1,949,000. Cumberland Advisors Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $6,510,000. Finally, Integrity Alliance LLC. bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $844,000.

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

NYSEARCA IHI traded down $1.44 on Friday, hitting $57.59. 2,749,799 shares of the company were exchanged, compared to its average volume of 2,653,877. 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 market cap of $3.94 billion, a PE ratio of 30.76 and a beta of 0.81. The stock has a fifty day moving average of $53.26 and a 200-day moving average of $53.56.

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.