Meridian Investment Counsel Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 357.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,438 shares of the company’s stock after purchasing an additional 15,188 shares during the period. Meridian Investment Counsel Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,134,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth about $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $33,000. Aspect Partners LLC bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $35,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $37,000. Finally, Millstone Evans Group LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the fourth quarter worth approximately $39,000.
iShares U.S. Medical Devices ETF Stock Down 1.3 %
NYSEARCA:IHI opened at $59.42 on Monday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 29.98 and a beta of 0.90. iShares U.S. Medical Devices ETF has a 52 week low of $53.72 and a 52 week high of $65.18. The company has a fifty day moving average of $62.65 and a 200 day moving average of $60.60.
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.
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