K.J. Harrison & Partners Inc Makes New Investment in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

K.J. Harrison & Partners Inc acquired a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company’s stock, valued at approximately $1,349,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Buck Wealth Strategies LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at approximately $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $42,000. Provence Wealth Management Group acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $43,000. Planned Solutions Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth about $49,000. Finally, Arvest Investments Inc. acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth about $52,000.

iShares U.S. Medical Devices ETF Trading Up 0.5 %

IHI stock traded up $0.26 during trading on Friday, hitting $55.53. 864,303 shares of the stock traded hands, compared to its average volume of 1,193,135. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 34.68 and a beta of 0.82. iShares U.S. Medical Devices ETF has a one year low of $43.96 and a one year high of $59.14. The company has a 50 day simple moving average of $57.06 and a 200 day simple moving average of $53.32.

iShares U.S. Medical Devices ETF 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.