Robertson Stephens Wealth Management LLC Raises Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Robertson Stephens Wealth Management LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,846 shares of the company’s stock after purchasing an additional 1,284 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,158,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IHI. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth approximately $983,000. Brookstone Capital Management increased its stake in shares of iShares U.S. Medical Devices ETF by 2.2% during the 3rd quarter. Brookstone Capital Management now owns 18,239 shares of the company’s stock worth $1,080,000 after purchasing an additional 394 shares in the last quarter. Cypress Wealth Services LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $202,000. Pinnacle Bancorp Inc. increased its stake in shares of iShares U.S. Medical Devices ETF by 1,275.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,960 shares of the company’s stock worth $235,000 after purchasing an additional 3,672 shares in the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $206,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI opened at $64.04 on Friday. The firm has a 50 day simple moving average of $60.88 and a 200-day simple moving average of $59.24. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.