Pinnacle Associates Ltd. Purchases 1,260 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Pinnacle Associates Ltd. grew its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,066 shares of the company’s stock after purchasing an additional 1,260 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares U.S. Medical Devices ETF were worth $1,677,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in iShares U.S. Medical Devices ETF by 5,167.0% during the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after acquiring an additional 744,407 shares in the last quarter. Cetera Investment Advisers raised its holdings in iShares U.S. Medical Devices ETF by 435.3% during the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock worth $13,700,000 after acquiring an additional 190,153 shares in the last quarter. Gimbal Financial bought a new stake in iShares U.S. Medical Devices ETF during the third quarter worth about $6,609,000. Riggs Asset Managment Co. Inc. bought a new stake in iShares U.S. Medical Devices ETF during the first quarter worth about $6,363,000. Finally, Strategic Financial Concepts LLC bought a new stake in iShares U.S. Medical Devices ETF during the second quarter worth about $58,000.

iShares U.S. Medical Devices ETF Stock Up 1.7 %

Shares of NYSEARCA IHI opened at $59.14 on Friday. The business’s 50 day moving average price is $58.81 and its two-hundred day moving average price is $56.87. The company has a market cap of $5.59 billion, a PE ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a twelve month low of $45.03 and a twelve month high of $60.43.

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.