Truvestments Capital LLC Acquires New Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Truvestments Capital LLC purchased a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 900 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently added to or reduced their stakes in IHI. Citizens Financial Group Inc. RI bought a new stake in iShares U.S. Medical Devices ETF during the first quarter worth about $281,000. Orleans Capital Management Corp LA increased its holdings in shares of iShares U.S. Medical Devices ETF by 1.5% in the first quarter. Orleans Capital Management Corp LA now owns 48,355 shares of the company’s stock worth $2,833,000 after buying an additional 695 shares during the period. Cetera Investment Advisers increased its holdings in shares of iShares U.S. Medical Devices ETF by 435.3% in the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock worth $13,700,000 after buying an additional 190,153 shares during the period. Cetera Advisors LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 74.5% in the first quarter. Cetera Advisors LLC now owns 49,705 shares of the company’s stock worth $2,912,000 after buying an additional 21,221 shares during the period. Finally, Transcend Capital Advisors LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 0.4% in the second quarter. Transcend Capital Advisors LLC now owns 72,851 shares of the company’s stock worth $4,083,000 after buying an additional 267 shares during the period.

iShares U.S. Medical Devices ETF Trading Up 0.4 %

IHI opened at $60.95 on Thursday. The company has a market cap of $5.76 billion, a P/E ratio of 35.18 and a beta of 0.83. The business’s 50-day moving average price is $59.25 and its 200-day moving average price is $57.48. iShares U.S. Medical Devices ETF has a 12 month low of $49.47 and a 12 month high of $61.28.

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.