RiverFront Investment Group LLC Boosts Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

RiverFront Investment Group LLC grew its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.6% in the fourth quarter, Holdings Channel reports. The firm owned 342,017 shares of the company’s stock after purchasing an additional 24,068 shares during the period. RiverFront Investment Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $19,957,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its position in iShares U.S. Medical Devices ETF by 0.6% during the fourth quarter. Valley Wealth Managers Inc. now owns 24,875 shares of the company’s stock worth $1,451,000 after buying an additional 160 shares in the last quarter. Tyche Wealth Partners LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 5.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 4,198 shares of the company’s stock worth $245,000 after purchasing an additional 198 shares in the last quarter. Snider Financial Group increased its position in shares of iShares U.S. Medical Devices ETF by 0.3% in the fourth quarter. Snider Financial Group now owns 71,092 shares of the company’s stock worth $4,148,000 after purchasing an additional 212 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in iShares U.S. Medical Devices ETF by 6.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock valued at $222,000 after purchasing an additional 228 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in iShares U.S. Medical Devices ETF by 13.7% during the fourth quarter. Montag A & Associates Inc. now owns 2,070 shares of the company’s stock valued at $121,000 after purchasing an additional 250 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

IHI stock opened at $59.42 on Friday. The firm has a 50 day simple moving average of $62.65 and a two-hundred day simple moving average of $60.58. The stock has a market cap of $4.67 billion, a PE ratio of 29.98 and a beta of 0.90. iShares U.S. Medical Devices ETF has a one year low of $53.72 and a one year high of $65.18.

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.