Deane Retirement Strategies Inc. Takes $5.36 Million Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Deane Retirement Strategies Inc. bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 99,367 shares of the company’s stock, valued at approximately $5,363,000. iShares U.S. Medical Devices ETF comprises approximately 2.9% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 7th largest holding. Deane Retirement Strategies Inc. owned 0.09% of iShares U.S. Medical Devices ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IHI. Planned Solutions Inc. bought a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth $49,000. J Arnold Wealth Management Co lifted its stake in iShares U.S. Medical Devices ETF by 6.8% in the fourth quarter. J Arnold Wealth Management Co now owns 544,644 shares of the company’s stock valued at $29,395,000 after buying an additional 34,560 shares during the period. PFG Investments LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 3.1% during the 4th quarter. PFG Investments LLC now owns 55,185 shares of the company’s stock worth $2,978,000 after buying an additional 1,684 shares in the last quarter. Keystone Wealth Services LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $213,000. Finally, Cadent Capital Advisors LLC bought a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at $201,000.

iShares U.S. Medical Devices ETF Trading Up 0.2 %

Shares of IHI traded up $0.12 during trading hours on Thursday, reaching $58.63. The stock had a trading volume of 289,428 shares, compared to its average volume of 1,193,050. The firm has a 50-day simple moving average of $56.92 and a 200 day simple moving average of $52.31. iShares U.S. Medical Devices ETF has a 12 month low of $43.96 and a 12 month high of $59.14. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85.

iShares U.S. Medical Devices ETF 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.