Meridian Investment Counsel Inc. Buys Shares of 4,250 iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Meridian Investment Counsel Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,250 shares of the company’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners grew its stake in iShares U.S. Medical Devices ETF by 8.7% during the 3rd quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock worth $128,000 after buying an additional 173 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of iShares U.S. Medical Devices ETF by 2.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock worth $492,000 after acquiring an additional 189 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 0.3% in the 2nd quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock worth $3,121,000 after acquiring an additional 193 shares during the period. Sterling Investment Counsel LLC lifted its position in iShares U.S. Medical Devices ETF by 2.2% in the 2nd quarter. Sterling Investment Counsel LLC now owns 10,290 shares of the company’s stock valued at $577,000 after purchasing an additional 223 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in iShares U.S. Medical Devices ETF by 91.1% during the 2nd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $29,000 after purchasing an additional 246 shares during the period.

iShares U.S. Medical Devices ETF Trading Up 0.2 %

NYSEARCA IHI opened at $59.54 on Friday. The company has a 50-day moving average price of $59.10 and a two-hundred day moving average price of $57.23. iShares U.S. Medical Devices ETF has a 52 week low of $48.19 and a 52 week high of $60.88. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.