Merit Financial Group LLC Has $543,000 Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Merit Financial Group LLC trimmed its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,310 shares of the company’s stock after selling 2,998 shares during the period. Merit Financial Group LLC’s holdings in iShares U.S. Medical Devices ETF were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IHI. AlTi Global Inc. acquired a new stake in iShares U.S. Medical Devices ETF during the 2nd quarter valued at $393,000. Daymark Wealth Partners LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 7.0% during the 2nd quarter. Daymark Wealth Partners LLC now owns 6,238 shares of the company’s stock worth $350,000 after buying an additional 408 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 10.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 126,481 shares of the company’s stock worth $7,088,000 after buying an additional 12,338 shares during the period. Cetera Investment Advisers grew its stake in iShares U.S. Medical Devices ETF by 3.9% in the 2nd quarter. Cetera Investment Advisers now owns 243,033 shares of the company’s stock valued at $13,620,000 after buying an additional 9,199 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in iShares U.S. Medical Devices ETF by 8.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 290,829 shares of the company’s stock valued at $16,298,000 after acquiring an additional 23,162 shares during the period.

iShares U.S. Medical Devices ETF Stock Up 1.0 %

Shares of NYSEARCA:IHI opened at $63.91 on Friday. iShares U.S. Medical Devices ETF has a 12-month low of $53.72 and a 12-month high of $63.95. The business has a 50 day moving average of $60.11 and a 200-day moving average of $58.66. The stock has a market cap of $6.04 billion, a PE ratio of 35.18 and a beta of 0.83.

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.