Sovran Advisors LLC Takes Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Sovran Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,161 shares of the company’s stock, valued at approximately $846,000.

Several other hedge funds have also recently modified their holdings of IHI. International Assets Investment Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5,167.0% in the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after purchasing an additional 744,407 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Medical Devices ETF by 127.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after buying an additional 674,168 shares during the last quarter. Gimbal Financial bought a new stake in shares of iShares U.S. Medical Devices ETF in the third quarter worth $6,609,000. Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth $5,978,000. Finally, Kingsview Wealth Management LLC increased its position in iShares U.S. Medical Devices ETF by 71.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock valued at $12,060,000 after acquiring an additional 86,315 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA:IHI opened at $64.13 on Wednesday. The stock’s 50-day simple moving average is $61.07 and its two-hundred day simple moving average is $59.45. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $65.18.

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.