iShares U.S. Medical Devices ETF $IHI Stake Lessened by Segment Wealth Management LLC

Segment Wealth Management LLC cut its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 37.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,816 shares of the company’s stock after selling 37,724 shares during the period. Segment Wealth Management LLC’s holdings in iShares U.S. Medical Devices ETF were worth $3,834,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of iShares U.S. Medical Devices ETF by 19.1% in the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after purchasing an additional 310,962 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Medical Devices ETF by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 757,244 shares of the company’s stock worth $47,434,000 after purchasing an additional 4,574 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in iShares U.S. Medical Devices ETF by 46.7% in the first quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock worth $25,710,000 after purchasing an additional 135,927 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in iShares U.S. Medical Devices ETF by 295.5% in the first quarter. Jones Financial Companies Lllp now owns 416,572 shares of the company’s stock valued at $24,774,000 after buying an additional 311,232 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in iShares U.S. Medical Devices ETF by 3.7% in the second quarter. RiverFront Investment Group LLC now owns 387,632 shares of the company’s stock valued at $24,281,000 after buying an additional 13,664 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.3%

NYSEARCA:IHI opened at $62.62 on Tuesday. The company has a market cap of $4.28 billion, a PE ratio of 30.76 and a beta of 0.89. The business’s 50 day moving average is $62.33 and its two-hundred day moving average is $61.45. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18.

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.