Meridian Investment Counsel Inc. Takes $252,000 Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Meridian Investment Counsel Inc. bought a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,250 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in iShares U.S. Medical Devices ETF by 107.3% during the first quarter. SG Americas Securities LLC now owns 6,127 shares of the company’s stock valued at $359,000 after purchasing an additional 3,171 shares during the period. Headlands Technologies LLC acquired a new stake in iShares U.S. Medical Devices ETF during the first quarter worth about $27,000. Bleakley Financial Group LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 1st quarter worth approximately $214,000. Blair William & Co. IL grew its stake in shares of iShares U.S. Medical Devices ETF by 1.5% during the 1st quarter. Blair William & Co. IL now owns 102,562 shares of the company’s stock worth $6,009,000 after purchasing an additional 1,519 shares during the period. Finally, Safeguard Investment Advisory Group LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 5.4% in the 1st quarter. Safeguard Investment Advisory Group LLC now owns 110,478 shares of the company’s stock valued at $6,473,000 after purchasing an additional 5,627 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

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

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.