Modus Advisors LLC Purchases Shares of 480 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Modus Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 480 shares of the company’s stock, valued at approximately $28,000.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after purchasing an additional 674,168 shares during the period. Destination Wealth Management lifted its stake in shares of iShares U.S. Medical Devices ETF by 1.0% in the third quarter. Destination Wealth Management now owns 33,896 shares of the company’s stock valued at $2,007,000 after buying an additional 334 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the third quarter valued at about $2,061,000. Anchor Investment Management LLC increased its position in shares of iShares U.S. Medical Devices ETF by 2.4% during the third quarter. Anchor Investment Management LLC now owns 104,431 shares of the company’s stock worth $6,184,000 after acquiring an additional 2,403 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 122.8% in the 3rd quarter. Virtu Financial LLC now owns 44,496 shares of the company’s stock worth $2,635,000 after acquiring an additional 24,526 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $59.15 on Friday. The business has a 50-day simple moving average of $59.66 and a two-hundred day simple moving average of $58.15. The company has a market capitalization of $5.59 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52-week low of $52.61 and a 52-week high of $61.28.

iShares U.S. Medical Devices ETF Company 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.