Tocqueville Asset Management L.P. Makes New Investment in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Tocqueville Asset Management L.P. bought a new stake 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 (SEC). The firm bought 40,305 shares of the company’s stock, valued at approximately $2,352,000.

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in iShares U.S. Medical Devices ETF by 127.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after acquiring an additional 674,168 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $38,896,000. Baltimore Washington Financial Advisors Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 3.1% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock valued at $16,133,000 after purchasing an additional 8,199 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 15.5% in the fourth quarter. HighTower Advisors LLC now owns 236,462 shares of the company’s stock valued at $13,798,000 after purchasing an additional 31,732 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in iShares U.S. Medical Devices ETF by 71.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock worth $12,060,000 after purchasing an additional 86,315 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI opened at $59.52 on Wednesday. The business’s fifty day moving average price is $62.74 and its two-hundred day moving average price is $60.52. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 31.88 and a beta of 0.90. 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.