Paragon Financial Partners Inc. grew its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 9.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,641 shares of the company’s stock after purchasing an additional 1,657 shares during the quarter. iShares U.S. Medical Devices ETF makes up 0.8% of Paragon Financial Partners Inc.’s investment portfolio, making the stock its 23rd biggest position. Paragon Financial Partners Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,088,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth about $28,000. RPg Family Wealth Advisory LLC bought a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $35,000. Truvestments Capital LLC bought a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $53,000. TD Private Client Wealth LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 49.8% during the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock valued at $55,000 after purchasing an additional 311 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after purchasing an additional 691 shares in the last quarter.
iShares U.S. Medical Devices ETF Stock Performance
NYSEARCA IHI opened at $63.25 on Thursday. The firm’s 50 day moving average price is $60.02 and its 200-day moving average price is $58.63. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $63.79. The company has a market cap of $5.98 billion, a PE ratio of 35.18 and a beta of 0.83.
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.
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Want to see what other hedge funds are holding IHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report).
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