BNP Paribas Financial Markets Increases Stake in iShares US Medical Devices ETF (NYSEARCA:IHI)

BNP Paribas Financial Markets increased its position in iShares US Medical Devices ETF (NYSEARCA:IHI – Free Report) by 581.3% in the first quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The firm now owns 116,170 shares of the company’s stock after purchasing an additional 99,118 shares during the quarter. BNP Paribas Financial Markets’ stake in iShares US Medical Devices ETF was worth $6,806,000 at the end of the last reporting period.

Several other hedge funds also recently modified their holdings in IHI. International Assets Investment Management LLC increased its position in iShares US Medical Devices ETF by 5065.2% in the fourth quarter. International Assets Investment Management LLC now owns 948,285 shares of the company’s stock worth $51,179,000 after purchasing an additional 929,926 shares in the last quarter. Meitav Investment House Ltd. increased its position in iShares US Medical Devices ETF by 16.6% in the fourth quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock worth $165,507,000 after purchasing an additional 436,752 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in iShares US Medical Devices ETF in the fourth quarter worth approximately $20,811,000. Migdal Insurance & Financial Holdings Ltd. increased its position in iShares US Medical Devices ETF by 5,532.7% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 356,326 shares of the company’s stock valued at $19,231,000 after purchasing an additional 350,000 shares in the last quarter. Finally, Global Assets Advisory LLC increased its position in iShares US Medical Devices ETF by 1,148.5% during the first quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock valued at $8,505,000 after purchasing an additional 133,533 shares in the last quarter.

iShares US Medical Devices ETF Price Performance

NYSEARCA IHI opened at $55.64 on Thursday. The company’s 50-day moving average is $55.86 and its two-hundred day moving average is $56.09. iShares US Medical Devices ETF has a 12-month low of $43.96 and a 12-month high of $59.14. The stock has a market capitalization of $5.26 billion, a P/E ratio of 35.18 and a beta of 0.83.

About the iShares US Medical Devices ETF

(Free report)

iShares US Medical Devices ETF (IHI) is an exchange-traded fund that tracks the DJ US Select \u002F Medical Equipment Index, a market-capitalization-weighted index of medical device manufacturers and distributors in the U.S. IHI was launched on May 1, 2006, and is managed by BlackRock.

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