Millington Financial Advisors LLC Purchases Shares of 7,924 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Millington Financial Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 4th quarter, Holdings Channel reports. The fund acquired 7,924 shares of the company’s stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IHI. Cedar Brook Financial Partners LLC raised its stake in iShares U.S. Medical Devices ETF by 0.6% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 30,683 shares of the company’s stock valued at $1,700,000 after purchasing an additional 183 shares in the last quarter. Larson Financial Group LLC raised its position in shares of iShares U.S. Medical Devices ETF by 6.9% during the 4th quarter. Larson Financial Group LLC now owns 3,395 shares of the company’s stock valued at $183,000 after buying an additional 220 shares in the last quarter. Realta Investment Advisors lifted its holdings in shares of iShares U.S. Medical Devices ETF by 4.2% in the 4th quarter. Realta Investment Advisors now owns 5,728 shares of the company’s stock valued at $309,000 after acquiring an additional 233 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 0.7% in the 3rd quarter. Armor Investment Advisors LLC now owns 37,084 shares of the company’s stock worth $1,799,000 after purchasing an additional 268 shares during the period. Finally, WealthShield Partners LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 16.4% in the 4th quarter. WealthShield Partners LLC now owns 2,051 shares of the company’s stock worth $111,000 after purchasing an additional 289 shares during the period.

iShares U.S. Medical Devices ETF Trading Up 1.5 %

NYSEARCA:IHI traded up $0.82 during midday trading on Tuesday, hitting $55.53. 808,996 shares of the company traded hands, compared to its average volume of 1,204,136. The firm has a market capitalization of $5.29 billion, a P/E ratio of 34.68 and a beta of 0.82. The firm’s fifty day moving average is $57.11 and its 200-day moving average is $53.24. iShares U.S. Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14.

iShares U.S. Medical Devices ETF 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.