K.J. Harrison & Partners Inc Makes New Investment in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

K.J. Harrison & Partners Inc purchased a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, HoldingsChannel reports. The firm purchased 25,000 shares of the company’s stock, valued at approximately $1,349,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $42,000. Advisory Alpha LLC increased its stake in iShares U.S. Medical Devices ETF by 6.4% in the third quarter. Advisory Alpha LLC now owns 6,297 shares of the company’s stock worth $305,000 after purchasing an additional 379 shares during the period. Charles Schwab Trust Co purchased a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter valued at $287,000. Mason & Associates Inc lifted its holdings in iShares U.S. Medical Devices ETF by 2.6% during the 3rd quarter. Mason & Associates Inc now owns 67,253 shares of the company’s stock valued at $3,262,000 after buying an additional 1,689 shares in the last quarter. Finally, Coastal Investment Advisors Inc. boosted its position in iShares U.S. Medical Devices ETF by 5.8% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 5,495 shares of the company’s stock valued at $267,000 after buying an additional 300 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI traded up $0.26 during trading on Friday, reaching $55.53. 864,303 shares of the company were exchanged, compared to its average volume of 1,193,135. The business’s fifty day simple moving average is $57.06 and its 200-day simple moving average is $53.32. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14. The firm has a market capitalization of $5.29 billion, a PE ratio of 34.68 and a beta of 0.82.

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.