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

Blair William & Co. IL has increased its holdings in the iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.1% during the second quarter of 2023. According to the firm’s recent Form 13F filing with the Securities & Exchange Commission, the institutional investor now owns 111,527 shares of the ETF, having purchased an additional 3,320 shares in the quarter. As of the latest filing, the investment in the iShares U.S. Medical Devices ETF is valued at approximately $6,986,000, representing about 0.16% of the fund.

Other notable investors have also adjusted their positions in the ETF. Banque Cantonale Vaudoise acquired a new stake valued at $1,937,000 during the first quarter. Meridian Investment Counsel Inc. increased its holdings by 3.1% in the second quarter, bringing its total to 20,663 shares worth $1,294,000 after acquiring an additional 625 shares. Similarly, Janney Montgomery Scott LLC raised its position by 0.7%, now controlling 105,900 shares valued at $6,634,000 after acquiring 712 more shares.

Brentview Investment Management LLC and ORG Partners LLC also entered the market, each acquiring new positions valued at approximately $60,000 and $59,000, respectively, during the first quarter.

Current Market Performance

As of the latest trading session, shares of the iShares U.S. Medical Devices ETF opened at $58.83, reflecting a 2.0% decline. The ETF’s 50-day moving average stands at $61.04, while the 200-day moving average is at $60.52. The fund has a market capitalization of $4.07 billion and a price-to-earnings ratio of 30.76, with a beta of 0.85. Over the past year, the ETF has experienced a low of $52.90 and a high of $65.18.

The iShares U.S. Medical Devices ETF, launched on May 1, 2006, is managed by BlackRock and tracks the DJ US Select/Medical Equipment Index. This index includes manufacturers and distributors of medical devices in the United States, providing a comprehensive overview of the sector’s performance.

For investors interested in tracking institutional holdings and insider trades, HoldingsChannel.com offers detailed information and the latest 13F filings for the iShares U.S. Medical Devices ETF. Additionally, MarketBeat.com provides a free daily email newsletter summarizing the latest news and analysts’ ratings for the ETF and related companies.