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

Deane Retirement Strategies Inc. purchased a new stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 99,367 shares of the company’s stock, valued at approximately $5,363,000. iShares U.S. Medical Devices ETF accounts for about 2.9% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Planned Solutions Inc. acquired a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth $49,000. J Arnold Wealth Management Co increased 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 acquiring an additional 34,560 shares during the period. PFG Investments LLC raised its position in iShares U.S. Medical Devices ETF by 3.1% in the fourth quarter. PFG Investments LLC now owns 55,185 shares of the company’s stock worth $2,978,000 after purchasing an additional 1,684 shares in the last quarter. Keystone Wealth Services LLC bought a new position in iShares U.S. Medical Devices ETF during the fourth quarter worth about $213,000. Finally, Cadent Capital Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $201,000.

iShares U.S. Medical Devices ETF Stock Performance

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

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.