Ring Mountain Capital LLC Buys Shares of 4,124 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Ring Mountain Capital LLC purchased a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,124 shares of the company’s stock, valued at approximately $241,000.

A number of other large investors also recently modified their holdings of the business. Assetmark Inc. lifted its holdings in iShares U.S. Medical Devices ETF by 20.7% in the third quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock worth $96,000 after purchasing an additional 277 shares during the period. Blue Trust Inc. lifted its stake in shares of iShares U.S. Medical Devices ETF by 86.5% in the 4th quarter. Blue Trust Inc. now owns 1,981 shares of the company’s stock worth $116,000 after acquiring an additional 919 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock valued at $71,206,000 after acquiring an additional 674,168 shares in the last quarter. Savant Capital LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $345,000. Finally, FMR LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 6.1% in the third quarter. FMR LLC now owns 28,988 shares of the company’s stock valued at $1,717,000 after acquiring an additional 1,660 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

iShares U.S. Medical Devices ETF stock opened at $63.92 on Tuesday. The firm has a 50 day simple moving average of $62.28 and a 200-day simple moving average of $60.27. The stock has a market capitalization of $6.04 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 12-month low of $53.72 and a 12-month high of $65.18.

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.