68,940 Shares in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Acquired by Independent Advisor Alliance

Independent Advisor Alliance acquired a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,940 shares of the company’s stock, valued at approximately $4,023,000. Independent Advisor Alliance owned approximately 0.07% of iShares U.S. Medical Devices ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 127.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after purchasing an additional 674,168 shares during the last quarter. Raymond James Financial Inc. purchased a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth approximately $38,896,000. Wharton Business Group LLC boosted its stake in iShares U.S. Medical Devices ETF by 3.0% during the third quarter. Wharton Business Group LLC now owns 276,850 shares of the company’s stock worth $16,395,000 after buying an additional 8,070 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its holdings in iShares U.S. Medical Devices ETF by 3.1% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock valued at $16,133,000 after buying an additional 8,199 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 71.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock worth $12,060,000 after acquiring an additional 86,315 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Down 0.8 %

Shares of IHI stock opened at $59.87 on Wednesday. iShares U.S. Medical Devices ETF has a twelve month low of $53.72 and a twelve month high of $65.18. The company’s 50-day moving average price is $62.71 and its 200-day moving average price is $60.49. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90.

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.