International Assets Investment Management LLC Buys 744,407 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

International Assets Investment Management LLC raised its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5,167.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 758,814 shares of the company’s stock after purchasing an additional 744,407 shares during the period. International Assets Investment Management LLC owned approximately 0.80% of iShares U.S. Medical Devices ETF worth $44,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 55.7% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 16,766 shares of the company’s stock worth $982,000 after acquiring an additional 6,000 shares during the period. SpiderRock Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the first quarter valued at $488,000. Hartline Investment Corp bought a new position in iShares U.S. Medical Devices ETF in the first quarter worth $687,000. J.W. Cole Advisors Inc. boosted its stake in iShares U.S. Medical Devices ETF by 28.7% during the first quarter. J.W. Cole Advisors Inc. now owns 40,994 shares of the company’s stock worth $2,402,000 after buying an additional 9,151 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in iShares U.S. Medical Devices ETF by 581.3% in the 1st quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock valued at $6,806,000 after buying an additional 99,118 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $58.97 on Monday. The company has a 50-day moving average of $58.72 and a 200-day moving average of $56.81. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $60.43. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.