824 Shares in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Bought by Synergy Asset Management LLC

Synergy Asset Management LLC bought a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, Holdings Channel reports. The firm bought 824 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors have also recently bought and sold shares of IHI. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Medical Devices ETF by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares during the period. International Assets Investment Management LLC increased its position in iShares U.S. Medical Devices ETF by 5,167.0% during the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after acquiring an additional 744,407 shares during the period. Raymond James & Associates boosted its holdings in iShares U.S. Medical Devices ETF by 0.5% in the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after purchasing an additional 1,756 shares during the period. Wharton Business Group LLC grew its position in iShares U.S. Medical Devices ETF by 3.0% in the 3rd quarter. Wharton Business Group LLC now owns 276,850 shares of the company’s stock worth $16,395,000 after purchasing an additional 8,070 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its holdings in shares of iShares U.S. Medical Devices ETF by 3.1% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock worth $16,133,000 after purchasing an additional 8,199 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $63.81 on Friday. The company has a 50-day simple moving average of $60.60 and a 200-day simple moving average of $59.01. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.05. The firm has a market capitalization of $6.03 billion, a P/E ratio of 35.18 and a beta of 0.83.

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.