Millington Financial Advisors LLC Takes $428,000 Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Millington Financial Advisors LLC bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,924 shares of the company’s stock, valued at approximately $428,000.

A number of other hedge funds have also bought and sold shares of IHI. Meitav Investment House Ltd. grew its holdings in iShares U.S. Medical Devices ETF by 16.6% in the fourth quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock worth $165,507,000 after purchasing an additional 436,752 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares U.S. Medical Devices ETF by 25.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,178,217 shares of the company’s stock worth $57,144,000 after buying an additional 241,824 shares during the period. International Assets Investment Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5,065.2% in the fourth quarter. International Assets Investment Management LLC now owns 948,285 shares of the company’s stock worth $51,179,000 after acquiring an additional 929,926 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in iShares U.S. Medical Devices ETF by 3,415.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,446 shares of the company’s stock worth $36,456,000 after acquiring an additional 729,100 shares in the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its stake in iShares U.S. Medical Devices ETF by 68.7% in the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 552,661 shares of the company’s stock valued at $27,367,000 after acquiring an additional 224,965 shares during the period.

iShares U.S. Medical Devices ETF Stock Up 1.5 %

IHI stock traded up $0.82 during midday trading on Tuesday, reaching $55.53. 808,996 shares of the company’s stock traded hands, compared to its average volume of 1,204,136. The firm’s fifty day moving average price is $57.11 and its 200-day moving average price is $53.24. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 34.68 and a beta of 0.82.

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.