Wharton Business Group LLC Purchases 8,070 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Wharton Business Group LLC lifted its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.0% during the third quarter, Holdings Channel.com reports. The firm owned 276,850 shares of the company’s stock after buying an additional 8,070 shares during the quarter. Wharton Business Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $16,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. MAI Capital Management increased its stake in shares of iShares U.S. Medical Devices ETF by 4.2% during the third quarter. MAI Capital Management now owns 9,017 shares of the company’s stock worth $534,000 after purchasing an additional 367 shares during the period. Meridian Investment Counsel Inc. bought a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth approximately $252,000. Black Swift Group LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth approximately $359,000. Oppenheimer & Co. Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 13.1% during the third quarter. Oppenheimer & Co. Inc. now owns 14,541 shares of the company’s stock worth $861,000 after purchasing an additional 1,682 shares during the period. Finally, Baker Avenue Asset Management LP increased its stake in iShares U.S. Medical Devices ETF by 1.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 161,352 shares of the company’s stock worth $9,555,000 after acquiring an additional 2,970 shares during the period.

iShares U.S. Medical Devices ETF Price Performance

iShares U.S. Medical Devices ETF stock opened at $59.54 on Monday. The stock’s fifty day moving average price is $59.10 and its two-hundred day moving average price is $57.24. iShares U.S. Medical Devices ETF has a one year low of $48.19 and a one year high of $60.88. The firm has a market cap of $5.63 billion, a PE 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.