Salem Investment Counselors Inc. Has $200,000 Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Salem Investment Counselors Inc. decreased its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,413 shares of the company’s stock after selling 225 shares during the quarter. Salem Investment Counselors Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meitav Investment House Ltd. boosted its holdings in iShares U.S. Medical Devices ETF by 16.6% in the fourth quarter. Meitav Investment House Ltd. now owns 3,068,436 shares of the company’s stock valued at $165,507,000 after acquiring an additional 436,752 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in iShares U.S. Medical Devices ETF by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,328,701 shares of the company’s stock valued at $71,710,000 after acquiring an additional 70,238 shares during the last quarter. UBS Group AG boosted its holdings in iShares U.S. Medical Devices ETF by 6.4% in the fourth quarter. UBS Group AG now owns 1,324,308 shares of the company’s stock valued at $71,473,000 after acquiring an additional 80,033 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5,065.2% in the fourth quarter. International Assets Investment Management LLC now owns 948,285 shares of the company’s stock valued at $51,179,000 after acquiring an additional 929,926 shares during the last quarter. Finally, J Arnold Wealth Management Co boosted its holdings 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 last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of iShares U.S. Medical Devices ETF stock traded up $0.09 on Friday, reaching $56.38. 687,899 shares of the company’s stock were exchanged, compared to its average volume of 1,039,712. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14. The firm’s 50-day moving average is $55.77 and its two-hundred day moving average is $55.80. The company has a market capitalization of $5.33 billion, a P/E ratio of 35.18 and a beta of 0.83.

About iShares U.S. Medical Devices ETF

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.