RiverFront Investment Group LLC Grows Stock Position in iShares U.S. Medical Devices ETF $IHI

RiverFront Investment Group LLC lifted its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,622 shares of the company’s stock after purchasing an additional 15,790 shares during the period. RiverFront Investment Group LLC owned about 0.68% of iShares U.S. Medical Devices ETF worth $26,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evergreen Wealth Partners LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at $2,691,000. AlphaCore Capital LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5,577.0% in the fourth quarter. AlphaCore Capital LLC now owns 3,463 shares of the company’s stock valued at $215,000 after purchasing an additional 3,402 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares U.S. Medical Devices ETF by 143.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,879 shares of the company’s stock valued at $8,010,000 after purchasing an additional 75,851 shares during the period. Blue Water Asset Management purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at $250,000. Finally, Cornerstone Wealth Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 9.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 22,343 shares of the company’s stock valued at $1,389,000 after purchasing an additional 1,870 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $48.46 on Monday. The firm has a market cap of $3.00 billion, a PE ratio of 30.76 and a beta of 0.86. The stock has a fifty day moving average price of $53.13 and a 200 day moving average price of $58.49. 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.