AlTi Global Inc. Takes Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

AlTi Global Inc. bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,020 shares of the company’s stock, valued at approximately $393,000.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of iShares U.S. Medical Devices ETF by 435.3% during the 1st quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock worth $13,700,000 after purchasing an additional 190,153 shares in the last quarter. Global Assets Advisory LLC raised its position in iShares U.S. Medical Devices ETF by 1,148.5% during the first quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock worth $8,505,000 after acquiring an additional 133,533 shares in the last quarter. Riggs Asset Managment Co. Inc. acquired a new stake in iShares U.S. Medical Devices ETF in the first quarter valued at $6,363,000. Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $58,000. Finally, BNP Paribas Financial Markets increased its stake in shares of iShares U.S. Medical Devices ETF by 581.3% during the 1st quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock worth $6,806,000 after purchasing an additional 99,118 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $58.77 on Friday. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $60.11. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The firm’s 50-day moving average is $57.43 and its 200-day moving average is $56.63.

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.