PFG Investments LLC Sells 1,691 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

PFG Investments LLC trimmed its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,465 shares of the company’s stock after selling 1,691 shares during the period. PFG Investments LLC’s holdings in iShares U.S. Medical Devices ETF were worth $1,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its holdings in iShares U.S. Medical Devices ETF by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock valued at $439,000 after buying an additional 786 shares during the last quarter. Choreo LLC increased its position in iShares U.S. Medical Devices ETF by 4.4% during the first quarter. Choreo LLC now owns 19,425 shares of the company’s stock worth $1,138,000 after acquiring an additional 810 shares during the period. AMG National Trust Bank increased its position in iShares U.S. Medical Devices ETF by 100.0% during the second quarter. AMG National Trust Bank now owns 7,776 shares of the company’s stock worth $436,000 after acquiring an additional 3,888 shares during the period. Commonwealth Equity Services LLC raised its stake in iShares U.S. Medical Devices ETF by 11.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 400,501 shares of the company’s stock valued at $22,444,000 after purchasing an additional 41,737 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in iShares U.S. Medical Devices ETF by 0.5% in the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after purchasing an additional 1,756 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA:IHI opened at $58.97 on Friday. The firm’s 50-day moving average is $58.72 and its 200-day moving average is $56.81. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a 52-week low of $43.96 and a 52-week high of $60.43.

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.