LM Advisors LLC Has $4.33 Million Stock Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

LM Advisors LLC boosted its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,285 shares of the company’s stock after buying an additional 3,140 shares during the period. iShares U.S. Medical Devices ETF makes up approximately 0.7% of LM Advisors LLC’s investment portfolio, making the stock its 24th largest position. LM Advisors LLC owned about 0.08% of iShares U.S. Medical Devices ETF worth $4,334,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IHI. LPL Financial LLC raised its position in iShares U.S. Medical Devices ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 2,237,467 shares of the company’s stock valued at $130,556,000 after purchasing an additional 442,603 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 674,168 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $38,896,000. HighTower Advisors LLC grew its position in 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 acquiring an additional 31,732 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 71.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 206,678 shares of the company’s stock worth $12,060,000 after acquiring an additional 86,315 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Down 0.6 %

IHI opened at $59.92 on Thursday. The company has a market cap of $4.71 billion, a P/E ratio of 29.98 and a beta of 0.90. The company’s 50 day moving average is $62.73 and its 200-day moving average is $60.57. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year 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.