Merit Financial Group LLC Boosts Stock Position in iShares U.S. Medical Devices ETF $IHI

Merit Financial Group LLC raised its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 104.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,429 shares of the company’s stock after acquiring an additional 8,916 shares during the period. Merit Financial Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Country Trust Bank purchased a new position in iShares U.S. Medical Devices ETF in the second quarter worth $28,000. Group One Trading LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth $29,000. Legend Financial Advisors Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth $36,000. RMG Wealth Management LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $58,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of iShares U.S. Medical Devices ETF by 15.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after purchasing an additional 177 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Up 2.6%

Shares of NYSEARCA IHI opened at $64.40 on Wednesday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18. The firm has a 50-day moving average price of $62.43 and a 200 day moving average price of $61.54.

About iShares U.S. Medical Devices ETF

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.