Econ Financial Services Corp Makes New $3.67 Million Investment in iShares U.S. Medical Devices ETF $IHI

Econ Financial Services Corp acquired a new position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 61,087 shares of the company’s stock, valued at approximately $3,670,000. iShares U.S. Medical Devices ETF accounts for 1.8% of Econ Financial Services Corp’s investment portfolio, making the stock its 13th biggest holding. Econ Financial Services Corp owned 0.09% of iShares U.S. Medical Devices ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IHI. Salem Investment Counselors Inc. increased its position in iShares U.S. Medical Devices ETF by 5.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 3,353 shares of the company’s stock worth $201,000 after purchasing an additional 172 shares in the last quarter. Russell Investments Group Ltd. grew its stake in iShares U.S. Medical Devices ETF by 15.7% during the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after buying an additional 177 shares during the period. Signet Financial Management LLC grew its stake in iShares U.S. Medical Devices ETF by 3.2% during the second quarter. Signet Financial Management LLC now owns 6,734 shares of the company’s stock worth $422,000 after buying an additional 211 shares during the period. Black Swift Group LLC increased its position in shares of iShares U.S. Medical Devices ETF by 5.0% in the second quarter. Black Swift Group LLC now owns 5,280 shares of the company’s stock worth $331,000 after acquiring an additional 250 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of iShares U.S. Medical Devices ETF by 0.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 29,761 shares of the company’s stock valued at $1,864,000 after acquiring an additional 270 shares during the period.

iShares U.S. Medical Devices ETF Trading Down 0.8%

NYSEARCA:IHI opened at $62.15 on Friday. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. The firm’s fifty day simple moving average is $62.37 and its 200 day simple moving average is $61.47. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $65.18.

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.