Blue Chip Partners LLC Takes $550,000 Position in iShares U.S. Medical Devices ETF $IHI

Blue Chip Partners LLC bought a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,301 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in iShares U.S. Medical Devices ETF by 107.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. FWL Investment Management LLC acquired a new stake in iShares U.S. Medical Devices ETF in the third quarter worth about $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $29,000. Group One Trading LLC bought a new position in iShares U.S. Medical Devices ETF during the 2nd quarter valued at $29,000. Finally, Modus Advisors LLC bought a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at about $30,000.

iShares U.S. Medical Devices ETF Price Performance

IHI stock opened at $50.23 on Monday. The firm has a market cap of $2.98 billion, a PE ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a 12 month low of $47.37 and a 12 month high of $64.71. The firm has a 50 day simple moving average of $50.10 and a 200 day simple moving average of $54.17.

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.