Blair William & Co. Increases Holdings in iShares U.S. Medical Devices ETF

Blair William & Co. IL has expanded its investment in the iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.1% during the second quarter of 2023. This increase is detailed in the firm’s latest Form 13F filing with the Securities and Exchange Commission. Following this purchase, Blair William & Co. now holds a total of 111,527 shares, valued at approximately $6,986,000, representing about 0.16% of the ETF.

Several other institutional investors have also adjusted their stakes in the iShares U.S. Medical Devices ETF. For instance, Banque Cantonale Vaudoise established a new position in the fund during the first quarter, investing $1,937,000. Meridian Investment Counsel Inc. similarly raised its holdings by 3.1% in the second quarter, accumulating a total of 20,663 shares worth $1,294,000 after acquiring an additional 625 shares.

Janney Montgomery Scott LLC increased its position by 0.7%, now owning 105,900 shares valued at $6,634,000 after buying 712 more shares in the same quarter. Additionally, Brentview Investment Management LLC and ORG Partners LLC both entered the market, acquiring new positions valued at approximately $60,000 and $59,000, respectively.

Market Performance of iShares U.S. Medical Devices ETF

As of the latest trading session, shares of the iShares U.S. Medical Devices ETF opened at $58.83. The fund’s 50-day moving average stands at $61.04, while the 200-day moving average is $60.52. With a market capitalization of $4.07 billion, the ETF has a price-to-earnings ratio of 30.76 and a beta of 0.85. Over the past year, the stock has fluctuated between a low of $52.90 and a high of $65.18.

The iShares U.S. Medical Devices ETF, launched on May 1, 2006, is designed to track the DJ US Select Medical Equipment Index, which includes a market-cap-weighted collection of manufacturers and distributors of medical devices in the United States. The fund is managed by BlackRock, a prominent investment management corporation known for its extensive portfolio offerings.

Investors seeking further insights into the movements of hedge funds and institutional investors in the iShares U.S. Medical Devices ETF can consult detailed resources like HoldingsChannel.com. This platform provides updated information on 13F filings and insider trades, making it easier for stakeholders to stay informed about the latest developments in the ETF market.