Strategic Advocates LLC Purchases New Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Strategic Advocates LLC acquired a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,580 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth $39,000. Provence Wealth Management Group bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $43,000. Planned Solutions Inc. bought a new position in shares of iShares U.S. Medical Devices ETF during the 4th quarter valued at approximately $49,000. Arvest Investments Inc. purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $52,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $59,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI opened at $56.11 on Wednesday. The firm’s 50 day simple moving average is $55.80 and its two-hundred day simple moving average is $55.71. The company has a market capitalization of $5.30 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 1-year low of $43.96 and a 1-year high of $59.14.

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.