Montecito Bank & Trust trimmed its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 5.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,636 shares of the company’s stock after selling 1,466 shares during the quarter. Montecito Bank & Trust’s holdings in iShares U.S. Medical Devices ETF were worth $1,400,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF during the 1st quarter worth approximately $27,000. GAMMA Investing LLC lifted its position in iShares U.S. Medical Devices ETF by 91.1% in the second quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $29,000 after acquiring an additional 246 shares during the last quarter. Global Trust Asset Management LLC lifted its position in iShares U.S. Medical Devices ETF by 400.0% in the second quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock valued at $42,000 after acquiring an additional 600 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Medical Devices ETF in the second quarter valued at $58,000. Finally, Blue Trust Inc. grew its holdings in shares of iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after purchasing an additional 691 shares during the last quarter.
iShares U.S. Medical Devices ETF Stock Performance
iShares U.S. Medical Devices ETF stock opened at $59.77 on Thursday. The company has a market capitalization of $5.65 billion, a P/E ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a fifty-two week low of $45.03 and a fifty-two week high of $60.88. The stock has a 50-day simple moving average of $58.91 and a 200-day simple moving average of $57.00.
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.
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