Howard Financial Services LTD. Buys New Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Howard Financial Services LTD. purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,509 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the first quarter worth about $27,000. GAMMA Investing LLC grew its stake in iShares U.S. Medical Devices ETF by 91.1% during the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $29,000 after buying an additional 246 shares during the last quarter. BNP Paribas acquired a new position in iShares U.S. Medical Devices ETF during the first quarter worth approximately $35,000. Mather Group LLC. purchased a new stake in iShares U.S. Medical Devices ETF in the first quarter valued at approximately $39,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $39,000.

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

Shares of IHI opened at $58.23 on Wednesday. The company’s 50 day simple moving average is $57.83 and its 200-day simple moving average is $56.66. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $60.11. The firm has a market cap of $5.50 billion, a PE ratio of 35.18 and a beta of 0.83.

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.