Avantax Advisory Services Inc. Acquires 2,421 Shares of iShares U.S. Medical Devices ETF $IHI

Avantax Advisory Services Inc. grew its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,629 shares of the company’s stock after purchasing an additional 2,421 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $2,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in iShares U.S. Medical Devices ETF during the second quarter worth about $36,000. RMG Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter valued at approximately $58,000. Brentview Investment Management LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter worth approximately $60,000. Founders Financial Alliance LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 14.3% in the 1st quarter. Founders Financial Alliance LLC now owns 1,304 shares of the company’s stock worth $78,000 after purchasing an additional 163 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in iShares U.S. Medical Devices ETF in the second quarter valued at approximately $89,000.

iShares U.S. Medical Devices ETF Trading Up 2.6%

Shares of NYSEARCA IHI opened at $62.70 on Friday. The stock has a fifty day simple moving average of $60.75 and a two-hundred day simple moving average of $61.20. iShares U.S. Medical Devices ETF has a 1-year low of $52.90 and a 1-year high of $65.18. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89.

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.