Means Investment CO. Inc. Acquires New Holdings in iShares U.S. Medical Devices ETF $IHI

Means Investment CO. Inc. bought a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70,374 shares of the company’s stock, valued at approximately $3,600,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF during the 1st quarter valued at $32,000. William Mack & Associates Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth $32,000. RMG Wealth Management LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the first quarter worth $35,000. Livelsberger Financial Advisory acquired a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth $37,000. Finally, Next Level Wealth Planning LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at $54,000.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $57.59 on Monday. The firm has a market cap of $3.94 billion, a P/E ratio of 30.76 and a beta of 0.81. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71. The business’s fifty day simple moving average is $53.26 and its 200 day simple moving average is $53.56.

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.