Live Oak Private Wealth LLC Raises Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Live Oak Private Wealth LLC raised its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,075 shares of the company’s stock after purchasing an additional 3,440 shares during the period. Live Oak Private Wealth LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at $983,000. Brookstone Capital Management boosted its stake in iShares U.S. Medical Devices ETF by 2.2% in the third quarter. Brookstone Capital Management now owns 18,239 shares of the company’s stock valued at $1,080,000 after acquiring an additional 394 shares in the last quarter. Cypress Wealth Services LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth about $202,000. Pinnacle Bancorp Inc. increased its position in shares of iShares U.S. Medical Devices ETF by 1,275.0% during the third quarter. Pinnacle Bancorp Inc. now owns 3,960 shares of the company’s stock worth $235,000 after purchasing an additional 3,672 shares in the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $206,000.

iShares U.S. Medical Devices ETF Stock Down 1.6 %

NYSEARCA:IHI opened at $64.04 on Friday. iShares U.S. Medical Devices ETF has a 52-week low of $53.72 and a 52-week high of $65.18. The stock’s 50 day moving average price is $60.88 and its 200 day moving average price is $59.24. The company has a market capitalization of $6.05 billion, a PE ratio of 35.18 and a beta of 0.83.

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.