Meridian Investment Counsel Inc. Makes New $508,000 Investment in iShares U.S. Medical Devices ETF $IHI

Meridian Investment Counsel Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,938 shares of the company’s stock, valued at approximately $508,000.

Other large investors have also recently made changes to their positions in the company. Columbus Macro LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at $2,285,000. Focus Financial Network Inc. purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth $207,000. B. Riley Wealth Advisors Inc. purchased a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth $2,051,000. Avior Wealth Management LLC acquired a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter worth about $328,000. Finally, Cypress Asset Management Inc. TX acquired a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter worth about $821,000.

iShares U.S. Medical Devices ETF Stock Performance

iShares U.S. Medical Devices ETF stock opened at $52.71 on Thursday. The business’s 50-day simple moving average is $53.24 and its two-hundred day simple moving average is $51.83. The company has a market cap of $3.64 billion, a PE ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71.

iShares U.S. Medical Devices ETF 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.