Benjamin F. Edwards & Company Inc. Boosts Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Benjamin F. Edwards & Company Inc. grew its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,039 shares of the company’s stock after acquiring an additional 1,111 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in 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 valued at $13,700,000 after acquiring an additional 190,153 shares during the period. Global Assets Advisory LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 1,148.5% in the 1st quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock valued at $8,505,000 after purchasing an additional 133,533 shares during the period. Riggs Asset Managment Co. Inc. purchased a new stake in iShares U.S. Medical Devices ETF during the first quarter worth $6,363,000. Strategic Financial Concepts LLC acquired a new stake in iShares U.S. Medical Devices ETF during the second quarter valued at $58,000. Finally, BNP Paribas Financial Markets increased its holdings in iShares U.S. Medical Devices ETF by 581.3% in the first quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock valued at $6,806,000 after buying an additional 99,118 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of iShares U.S. Medical Devices ETF stock opened at $59.12 on Monday. The firm has a 50-day simple moving average of $57.20 and a two-hundred day simple moving average of $56.60. iShares U.S. Medical Devices ETF has a fifty-two week low of $43.96 and a fifty-two week high of $60.11. The company has a market cap of $5.59 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.