JPMorgan Chase & Co. Purchases 223,216 Shares of iShares U.S. Medical Devices ETF $IHI

JPMorgan Chase & Co. grew its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 83.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 490,874 shares of the company’s stock after purchasing an additional 223,216 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.72% of iShares U.S. Medical Devices ETF worth $29,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 740.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after buying an additional 370 shares in the last quarter. FWL Investment Management LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth $27,000. Country Trust Bank bought a new stake in iShares U.S. Medical Devices ETF during the second quarter valued at about $28,000. Group One Trading LLC bought a new stake in iShares U.S. Medical Devices ETF during the second quarter valued at about $29,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of iShares U.S. Medical Devices ETF by 108.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 622 shares of the company’s stock valued at $37,000 after acquiring an additional 324 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.8%

NYSEARCA IHI opened at $54.44 on Monday. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. The business has a 50-day moving average price of $58.88 and a 200-day moving average price of $60.71. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $64.71.

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.