Truvestments Capital LLC Makes New $53,000 Investment in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Truvestments Capital LLC bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 900 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concord Wealth Partners lifted its holdings in shares of iShares U.S. Medical Devices ETF by 8.7% during the 3rd quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock valued at $128,000 after purchasing an additional 173 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 2.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock valued at $492,000 after purchasing an additional 189 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 0.3% during the 2nd quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock valued at $3,121,000 after purchasing an additional 193 shares in the last quarter. Sterling Investment Counsel LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 2.2% during the 2nd quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock valued at $577,000 after purchasing an additional 223 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 91.1% during the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $29,000 after purchasing an additional 246 shares in the last quarter.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI opened at $60.95 on Thursday. iShares U.S. Medical Devices ETF has a fifty-two week low of $49.47 and a fifty-two week high of $61.28. The stock has a market capitalization of $5.76 billion, a PE ratio of 35.18 and a beta of 0.83. The business’s 50-day simple moving average is $59.25 and its 200-day simple moving average is $57.48.

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.