Pinnacle Associates Ltd. Sells 3,350 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Pinnacle Associates Ltd. trimmed its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHIFree Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,066 shares of the company’s stock after selling 3,350 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares U.S. Medical Devices ETF were worth $1,677,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baystate Wealth Management LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the second quarter worth approximately $25,000. Union Savings Bank bought a new position in shares of iShares U.S. Medical Devices ETF in the second quarter worth approximately $25,000. Buck Wealth Strategies LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $26,000. Hibernia Wealth Partners LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $37,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth approximately $42,000.

iShares U.S. Medical Devices ETF Trading Down 1.2 %

IHI stock opened at $57.86 on Tuesday. iShares U.S. Medical Devices ETF has a 1-year low of $43.96 and a 1-year high of $59.14. The company’s 50 day moving average is $57.09 and its 200 day moving average is $52.47. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 33.98 and a beta of 0.85.

iShares U.S. Medical Devices ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

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