Tyche Wealth Partners LLC Acquires Shares of 5,049 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Tyche Wealth Partners LLC acquired a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,049 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Buck Wealth Strategies LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter worth about $26,000. Resurgent Financial Advisors LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth about $42,000. Provence Wealth Management Group purchased a new stake in shares of iShares U.S. Medical Devices ETF during the third quarter worth about $43,000. Planned Solutions Inc. purchased a new stake in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth about $49,000. Finally, Sound Income Strategies LLC increased its position in shares of iShares U.S. Medical Devices ETF by 121.6% during the third quarter. Sound Income Strategies LLC now owns 904 shares of the company’s stock worth $44,000 after acquiring an additional 496 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA IHI opened at $54.78 on Thursday. iShares U.S. Medical Devices ETF has a 1 year low of $43.96 and a 1 year high of $59.14. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85. The stock’s 50-day simple moving average is $57.25 and its 200-day simple moving average is $53.06.

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.