5 Best Healthcare ETFs To Buy

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1. iShares U.S. Medical Devices ETF (NYSE:IHI)

5 Year Performance as of September 4: 45.16%

iShares U.S. Medical Devices ETF (NYSE:IHI) aims to replicate the investment performance of the Dow Jones U.S. Select Medical Equipment Index, which consists of U.S. stocks within the medical devices industry. This ETF was founded on May 1, 2006, and as of September 1, 2023, it possesses total assets valued at $5.6 billion. iShares U.S. Medical Devices ETF (NYSE:IHI)’s portfolio includes 61 stocks, and it maintains an expense ratio of 0.40%. It is one of the premier healthcare ETFs to invest in.

iShares U.S. Medical Devices ETF (NYSE:IHI)’s largest holding is Thermo Fisher Scientific Inc. (NYSE:TMO). The company offers life sciences solutions, analytical tools, specialized diagnostics, laboratory equipment, and biopharmaceutical services worldwide. According to Insider Monkey’s second quarter database, Thermo Fisher Scientific Inc. (NYSE:TMO) was part of 103 hedge fund portfolios, compared to 98 funds in the earlier quarter. Chris Hohn’s TCI Fund Management is the leading position holder in the company, with a position worth $1.65 billion.

Weitz Partners III Opportunity Fund made the following comment about Thermo Fisher Scientific Inc. (NYSE:TMO) in its second quarter 2023 investor letter:

“Portfolio activity this quarter included opportunistically initiating a position in life sciences tool and equipment maker Thermo Fisher Scientific Inc. (NYSE:TMO), a long-time holding of other Weitz portfolios, at an attractive valuation.”

Follow Thermo Fisher Scientific Inc. (NYSE:TMO)

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