JPMorgan Chase & Co. Purchases 674,168 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

JPMorgan Chase & Co. boosted its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 127.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,202,394 shares of the company’s stock after buying an additional 674,168 shares during the period. JPMorgan Chase & Co.’s holdings in iShares U.S. Medical Devices ETF were worth $71,206,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in iShares U.S. Medical Devices ETF by 8.9% during the second quarter. Larson Financial Group LLC now owns 3,961 shares of the company’s stock valued at $222,000 after acquiring an additional 324 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter worth about $58,000. PFG Investments LLC boosted its stake in iShares U.S. Medical Devices ETF by 1.3% during the second quarter. PFG Investments LLC now owns 30,156 shares of the company’s stock valued at $1,690,000 after buying an additional 374 shares during the last quarter. MGO One Seven LLC increased its stake in iShares U.S. Medical Devices ETF by 4.3% in the 2nd quarter. MGO One Seven LLC now owns 25,258 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Wealthgarden F.S. LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth approximately $745,000.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $59.15 on Friday. The firm has a market cap of $5.59 billion, a PE ratio of 35.18 and a beta of 0.83. The firm has a fifty day moving average price of $59.66 and a 200 day moving average price of $58.15. iShares U.S. Medical Devices ETF has a fifty-two week low of $52.61 and a fifty-two week high of $61.28.

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.