Variant Private Wealth LLC Purchases New Stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Variant Private Wealth LLC bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,795 shares of the company’s stock, valued at approximately $1,330,000. iShares U.S. Medical Devices ETF makes up about 1.3% of Variant Private Wealth LLC’s portfolio, making the stock its 21st biggest position.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Medical Devices ETF by 127.6% during the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after purchasing an additional 674,168 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5,167.0% in the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock valued at $44,937,000 after acquiring an additional 744,407 shares during the last quarter. Raymond James & Associates boosted its holdings in iShares U.S. Medical Devices ETF by 0.5% in the third quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after acquiring an additional 1,756 shares during the last quarter. Wharton Business Group LLC boosted its holdings in iShares U.S. Medical Devices ETF by 3.0% in the third quarter. Wharton Business Group LLC now owns 276,850 shares of the company’s stock valued at $16,395,000 after acquiring an additional 8,070 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 3.1% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 272,425 shares of the company’s stock valued at $16,133,000 after acquiring an additional 8,199 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock opened at $64.36 on Friday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. 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 $61.75 and its two-hundred day moving average price is $59.91.

About iShares U.S. Medical Devices ETF

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.