MAI Capital Management Purchases 367 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

MAI Capital Management boosted its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,017 shares of the company’s stock after acquiring an additional 367 shares during the quarter. MAI Capital Management’s holdings in iShares U.S. Medical Devices ETF were worth $534,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Meridian Investment Counsel Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $252,000. Black Swift Group LLC acquired a new position in iShares U.S. Medical Devices ETF during the third quarter worth approximately $359,000. Oppenheimer & Co. Inc. raised its stake in iShares U.S. Medical Devices ETF by 13.1% in the third quarter. Oppenheimer & Co. Inc. now owns 14,541 shares of the company’s stock valued at $861,000 after buying an additional 1,682 shares during the period. Baker Avenue Asset Management LP raised its stake in iShares U.S. Medical Devices ETF by 1.9% in the third quarter. Baker Avenue Asset Management LP now owns 161,352 shares of the company’s stock valued at $9,555,000 after buying an additional 2,970 shares during the period. Finally, Axxcess Wealth Management LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 3.7% in the third quarter. Axxcess Wealth Management LLC now owns 78,349 shares of the company’s stock valued at $4,640,000 after buying an additional 2,824 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Down 0.1 %

IHI stock opened at $60.35 on Friday. iShares U.S. Medical Devices ETF has a 1-year low of $49.47 and a 1-year high of $60.88. The business’s 50 day simple moving average is $59.18 and its 200 day simple moving average is $57.35. The firm has a market capitalization of $5.70 billion, a PE ratio of 35.18 and a beta of 0.83.

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.