Lake Hills Wealth Management LLC Raises Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Lake Hills Wealth Management LLC lifted its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 7.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 75,997 shares of the company’s stock after purchasing an additional 5,266 shares during the period. iShares U.S. Medical Devices ETF comprises about 3.0% of Lake Hills Wealth Management LLC’s holdings, making the stock its 13th largest position. Lake Hills Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $4,434,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in iShares U.S. Medical Devices ETF by 5,167.0% during the 3rd quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after purchasing an additional 744,407 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after buying an additional 674,168 shares in the last quarter. Gimbal Financial acquired a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at approximately $6,609,000. Dale Q Rice Investment Management Ltd acquired a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth $4,247,000. Finally, Eaton Financial Holdings Company LLC purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $2,061,000.

iShares U.S. Medical Devices ETF Price Performance

IHI opened at $63.25 on Thursday. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The business has a 50-day moving average of $60.02 and a two-hundred day moving average of $58.63. iShares U.S. Medical Devices ETF has a 12 month low of $53.72 and a 12 month high of $63.79.

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.