Wells Fargo & Company MN Acquires 21,668 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Wells Fargo & Company MN grew its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,087,471 shares of the company’s stock after buying an additional 21,668 shares during the quarter. Wells Fargo & Company MN owned approximately 1.15% of iShares U.S. Medical Devices ETF worth $63,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IHI. Modus Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth $33,000. Aspect Partners LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at $35,000. Kohmann Bosshard Financial Services LLC bought a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $37,000. Finally, Millstone Evans Group LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth about $39,000.

iShares U.S. Medical Devices ETF Trading Down 2.0 %

Shares of NYSEARCA:IHI opened at $54.27 on Wednesday. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $65.18. The stock has a market capitalization of $4.14 billion, a P/E ratio of 28.84 and a beta of 0.95. The business has a 50-day moving average price of $61.64 and a two-hundred day moving average price of $60.47.

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.