iShares U.S. Medical Devices ETF $IHI Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 47.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,986 shares of the company’s stock after selling 42,034 shares during the quarter. Citigroup Inc. owned about 0.07% of iShares U.S. Medical Devices ETF worth $2,823,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of iShares U.S. Medical Devices ETF by 19.1% during the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after acquiring an additional 310,962 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in iShares U.S. Medical Devices ETF by 1.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 698,129 shares of the company’s stock valued at $41,823,000 after purchasing an additional 7,200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares U.S. Medical Devices ETF by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after purchasing an additional 223,216 shares during the period. Goldman Sachs Group Inc. boosted its stake in iShares U.S. Medical Devices ETF by 46.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after purchasing an additional 135,927 shares during the period. Finally, RiverFront Investment Group LLC grew its position in iShares U.S. Medical Devices ETF by 3.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 387,632 shares of the company’s stock worth $24,281,000 after purchasing an additional 13,664 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Down 1.9%

IHI opened at $56.76 on Friday. The business’s 50 day moving average is $60.39 and its 200-day moving average is $61.18. The stock has a market cap of $3.51 billion, a PE ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a twelve month low of $52.90 and a twelve month high of $64.71.

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.