Nelson Capital Management LLC Acquires New Stake in iShares U.S. Medical Devices ETF $IHI

Nelson Capital Management LLC acquired a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,206 shares of the company’s stock, valued at approximately $1,545,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Annex Advisory Services LLC purchased a new stake in iShares U.S. Medical Devices ETF in the second quarter worth $33,602,000. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock worth $32,548,000 after purchasing an additional 4,089 shares in the last quarter. Hamilton Wealth LLC raised its position in shares of iShares U.S. Medical Devices ETF by 222.7% in the first quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock valued at $14,072,000 after purchasing an additional 182,020 shares during the period. Congress Asset Management Co. bought a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter valued at approximately $13,481,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at approximately $8,322,000.

iShares U.S. Medical Devices ETF Stock Up 1.0%

IHI traded up $0.56 on Friday, hitting $58.02. The company’s stock had a trading volume of 1,838,728 shares, compared to its average volume of 2,641,294. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The firm has a market cap of $4.07 billion, a P/E ratio of 32.30 and a beta of 0.81. The company’s 50 day simple moving average is $53.61 and its 200-day simple moving average is $53.50.

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.