Western Wealth Management LLC Takes Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Western Wealth Management LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,900 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IHI. Buck Wealth Strategies LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $42,000. Provence Wealth Management Group acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $43,000. Planned Solutions Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $49,000. Finally, Arvest Investments Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $52,000.

iShares U.S. Medical Devices ETF Trading Up 0.6 %

IHI stock opened at $54.70 on Tuesday. The firm has a 50 day moving average of $57.11 and a 200-day moving average of $53.24. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 34.68 and a beta of 0.82.

iShares U.S. Medical Devices ETF 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.