Foundations Investment Advisors LLC Buys 1,624 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Foundations Investment Advisors LLC boosted its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 37.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,972 shares of the company’s stock after buying an additional 1,624 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares U.S. Medical Devices ETF were worth $348,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in iShares U.S. Medical Devices ETF during the third quarter worth $35,000. Truvestments Capital LLC bought a new stake in iShares U.S. Medical Devices ETF during the third quarter worth $53,000. TD Private Client Wealth LLC lifted its stake in iShares U.S. Medical Devices ETF by 49.8% in the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock valued at $55,000 after acquiring an additional 311 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 186.3% in the 3rd quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after acquiring an additional 691 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $63.81 on Friday. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $65.05. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The firm’s 50-day moving average is $60.60 and its 200-day moving average is $59.01.

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.