Belpointe Asset Management LLC Buys 11,843 Shares of iShares U.S. Medical Devices ETF $IHI

Belpointe Asset Management LLC increased its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 134.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,643 shares of the company’s stock after purchasing an additional 11,843 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,240,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IHI. HB Wealth Management LLC raised its position in shares of iShares U.S. Medical Devices ETF by 1.5% during the third quarter. HB Wealth Management LLC now owns 11,064 shares of the company’s stock valued at $665,000 after buying an additional 162 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in iShares U.S. Medical Devices ETF by 5.4% during the third quarter. Salem Investment Counselors Inc. now owns 3,353 shares of the company’s stock valued at $201,000 after acquiring an additional 172 shares during the period. Russell Investments Group Ltd. raised its holdings in iShares U.S. Medical Devices ETF by 15.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after acquiring an additional 177 shares in the last quarter. Black Swift Group LLC raised its holdings in iShares U.S. Medical Devices ETF by 5.0% in the 2nd quarter. Black Swift Group LLC now owns 5,280 shares of the company’s stock valued at $331,000 after acquiring an additional 250 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in shares of iShares U.S. Medical Devices ETF by 0.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 29,761 shares of the company’s stock worth $1,864,000 after acquiring an additional 270 shares during the period.

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

Shares of NYSEARCA IHI opened at $60.06 on Thursday. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a one year low of $52.90 and a one year high of $65.18. The business has a fifty day simple moving average of $62.58 and a 200 day simple moving average of $61.56.

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.