iShares U.S. Medical Devices ETF $IHI Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC raised its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 104.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,429 shares of the company’s stock after acquiring an additional 8,916 shares during the quarter. Merit Financial Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,047,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IHI. Country Trust Bank purchased a new stake in iShares U.S. Medical Devices ETF during the second quarter worth approximately $28,000. Group One Trading LLC acquired a new stake in iShares U.S. Medical Devices ETF during the second quarter worth approximately $29,000. Legend Financial Advisors Inc. purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 2nd quarter worth approximately $36,000. RMG Wealth Management LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at $58,000. Finally, Russell Investments Group Ltd. grew its position in shares of iShares U.S. Medical Devices ETF by 15.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after buying an additional 177 shares during the last quarter.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI opened at $64.40 on Wednesday. iShares U.S. Medical Devices ETF has a 12 month low of $52.90 and a 12 month high of $65.18. The firm has a market capitalization of $4.19 billion, a P/E ratio of 30.76 and a beta of 0.89. The company’s fifty day moving average price is $62.43 and its 200 day moving average price is $61.54.

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.