Meridian Investment Counsel Inc. Acquires 9,938 Shares of iShares U.S. Medical Devices ETF $IHI

Meridian Investment Counsel Inc. acquired a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,938 shares of the company’s stock, valued at approximately $508,000.

A number of other institutional investors have also recently made changes to their positions in the business. IMC Chicago LLC increased its position in iShares U.S. Medical Devices ETF by 100.0% during the 1st quarter. IMC Chicago LLC now owns 5,066 shares of the company’s stock valued at $270,000 after buying an additional 12,156,873 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in iShares U.S. Medical Devices ETF in the second quarter valued at about $33,602,000. Congress Asset Management Co. acquired a new stake in iShares U.S. Medical Devices ETF in the third quarter worth about $13,481,000. Hamilton Wealth LLC boosted its holdings in iShares U.S. Medical Devices ETF by 222.7% in the first quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock worth $14,072,000 after acquiring an additional 182,020 shares in the last quarter. Finally, Columbus Macro LLC acquired a new stake in iShares U.S. Medical Devices ETF in the third quarter worth about $2,285,000.

iShares U.S. Medical Devices ETF Stock Performance

Shares of IHI stock opened at $52.71 on Thursday. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82. The stock’s 50-day simple moving average is $53.24 and its 200-day simple moving average is $51.83.

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.