Montecito Bank & Trust Sells 1,466 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Montecito Bank & Trust decreased its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 5.8% during the third quarter, according to its most recent filing with the Securities and 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in iShares U.S. Medical Devices ETF by 5,167.0% in the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after acquiring an additional 744,407 shares during the period. Flaharty Asset Management LLC raised its position in shares of iShares U.S. Medical Devices ETF by 1.9% in the 2nd quarter. Flaharty Asset Management LLC now owns 431,783 shares of the company’s stock worth $24,197,000 after acquiring an additional 8,241 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of 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 worth $22,444,000 after purchasing an additional 41,737 shares during the last quarter. Raymond James & Associates lifted its stake in shares of iShares U.S. Medical Devices ETF by 0.5% during the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock worth $22,428,000 after purchasing an additional 1,756 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its position in iShares U.S. Medical Devices ETF by 8.7% during the second quarter. RiverFront Investment Group LLC now owns 290,829 shares of the company’s stock valued at $16,298,000 after purchasing an additional 23,162 shares in the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

Shares of iShares U.S. Medical Devices ETF stock opened at $59.77 on Thursday. The company has a market capitalization of $5.65 billion, a PE ratio of 35.18 and a beta of 0.83. The company has a 50-day simple moving average of $58.91 and a two-hundred day simple moving average of $57.00. iShares U.S. Medical Devices ETF has a one year low of $45.03 and a one year high of $60.88.

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.