PNC Financial Services Group Inc. Cuts Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

PNC Financial Services Group Inc. cut its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,951 shares of the company’s stock after selling 274 shares during the period. PNC Financial Services Group Inc. owned about 0.08% of iShares U.S. Medical Devices ETF worth $4,616,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 5,167.0% in the 3rd quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock valued at $44,937,000 after acquiring an additional 744,407 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares U.S. Medical Devices ETF by 435.3% during the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock valued at $13,700,000 after purchasing an additional 190,153 shares during the period. Gimbal Financial bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $6,609,000. Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the second quarter worth approximately $58,000. Finally, Lake Hills Wealth Management LLC purchased a new position in shares of iShares U.S. Medical Devices ETF in the second quarter worth $4,160,000.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA IHI opened at $60.35 on Monday. iShares U.S. Medical Devices ETF has a 1 year low of $49.47 and a 1 year high of $60.88. The stock has a market capitalization of $5.70 billion, a PE ratio of 35.18 and a beta of 0.83. The business’s 50-day moving average is $59.20 and its 200 day moving average is $57.41.

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.