Biondo Investment Advisors LLC Has $368,000 Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Biondo Investment Advisors LLC boosted its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,312 shares of the company’s stock after purchasing an additional 760 shares during the quarter. Biondo Investment Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IHI. RiverFront Investment Group LLC raised its position in shares of iShares U.S. Medical Devices ETF by 7.6% during the fourth quarter. RiverFront Investment Group LLC now owns 342,017 shares of the company’s stock valued at $19,957,000 after buying an additional 24,068 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 2.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 19,484 shares of the company’s stock worth $1,137,000 after acquiring an additional 496 shares during the period. LM Advisors LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 4.4% during the 4th quarter. LM Advisors LLC now owns 74,285 shares of the company’s stock worth $4,334,000 after purchasing an additional 3,140 shares in the last quarter. Sava Infond d.o.o. bought a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $948,000. Finally, Prestige Wealth Management Group LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 0.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 50,381 shares of the company’s stock valued at $2,940,000 after purchasing an additional 360 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

IHI opened at $59.42 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 29.98 and a beta of 0.90. The firm’s 50-day simple moving average is $62.65 and its 200-day simple moving average is $60.58. iShares U.S. Medical Devices ETF has a twelve month low of $53.72 and a twelve month high of $65.18.

iShares U.S. Medical Devices ETF Company 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.