Valicenti Advisory Services Inc. Makes New $5.88 Million Investment in iShares U.S. Medical Devices ETF $IHI

Valicenti Advisory Services Inc. purchased a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, HoldingsChannel reports. The fund purchased 94,525 shares of the company’s stock, valued at approximately $5,875,000. iShares U.S. Medical Devices ETF accounts for about 1.2% of Valicenti Advisory Services Inc.’s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in iShares U.S. Medical Devices ETF by 22.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock valued at $562,000 after acquiring an additional 1,710 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of iShares U.S. Medical Devices ETF by 46.7% during the first quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after buying an additional 135,927 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in iShares U.S. Medical Devices ETF by 15.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after buying an additional 177 shares in the last quarter. Lido Advisors LLC raised its position in iShares U.S. Medical Devices ETF by 17.0% in the 2nd quarter. Lido Advisors LLC now owns 21,391 shares of the company’s stock worth $1,340,000 after buying an additional 3,108 shares during the last quarter. Finally, M&T Bank Corp raised its position in iShares U.S. Medical Devices ETF by 5.2% in the 2nd quarter. M&T Bank Corp now owns 8,020 shares of the company’s stock worth $502,000 after buying an additional 400 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI stock opened at $53.43 on Thursday. The business’s 50-day moving average is $57.53 and its two-hundred day moving average is $60.26. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a fifty-two week low of $52.13 and a fifty-two week high of $64.71.

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.