Montag A & Associates Inc. lifted its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 62.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,370 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Montag A & Associates Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $211,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new position in iShares U.S. Medical Devices ETF in the 2nd quarter valued at approximately $36,000. RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth approximately $58,000. Brentview Investment Management LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the first quarter valued at approximately $60,000. Founders Financial Alliance LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 14.3% in the first quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock valued at $78,000 after purchasing an additional 163 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in iShares U.S. Medical Devices ETF in the second quarter worth $89,000.
iShares U.S. Medical Devices ETF Price Performance
IHI opened at $63.18 on Thursday. The company has a market capitalization of $4.32 billion, a P/E ratio of 30.76 and a beta of 0.89. The firm’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $61.10. iShares U.S. Medical Devices ETF has a fifty-two week low of $52.90 and a fifty-two week high of $65.18.
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.
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