Transcend Capital Advisors LLC Raises Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Transcend Capital Advisors LLC increased its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 30.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,467 shares of the company’s stock after purchasing an additional 14,522 shares during the quarter. Transcend Capital Advisors LLC owned 0.06% of iShares U.S. Medical Devices ETF worth $3,371,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IHI. Truist Financial Corp raised its holdings in shares of iShares U.S. Medical Devices ETF by 1.0% in the fourth quarter. Truist Financial Corp now owns 156,010 shares of the company’s stock worth $8,420,000 after buying an additional 1,582 shares during the period. K.J. Harrison & Partners Inc bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter valued at $1,349,000. Atria Wealth Solutions Inc. increased its stake in iShares U.S. Medical Devices ETF by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 92,340 shares of the company’s stock worth $4,984,000 after purchasing an additional 969 shares during the period. Millington Financial Advisors LLC bought a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth $428,000. Finally, Larson Financial Group LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 6.9% during the fourth quarter. Larson Financial Group LLC now owns 3,395 shares of the company’s stock valued at $183,000 after purchasing an additional 220 shares during the period.

iShares U.S. Medical Devices ETF Stock Up 0.5 %

IHI stock traded up $0.26 during trading on Friday, hitting $55.53. The company had a trading volume of 864,303 shares, compared to its average volume of 1,193,135. The firm has a market capitalization of $5.29 billion, a P/E ratio of 34.68 and a beta of 0.82. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $59.14. The company has a 50 day simple moving average of $57.06 and a 200-day simple moving average of $53.32.

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.