Envestnet Asset Management Inc. Sells 112,959 Shares of iShares U.S. Medical Devices ETF $IHI

Envestnet Asset Management Inc. decreased its stake in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 14.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 644,285 shares of the company’s stock after selling 112,959 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $38,709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of IHI. Bank of America Corp DE boosted its holdings in iShares U.S. Medical Devices ETF by 19.1% in the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after buying an additional 310,962 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of iShares U.S. Medical Devices ETF by 1.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 698,129 shares of the company’s stock worth $41,823,000 after buying an additional 7,200 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 worth $25,710,000 after acquiring an additional 135,927 shares in the last quarter. RiverFront Investment Group LLC raised its stake in iShares U.S. Medical Devices ETF by 3.7% during the second quarter. RiverFront Investment Group LLC now owns 387,632 shares of the company’s stock valued at $24,281,000 after purchasing an additional 13,664 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of iShares U.S. Medical Devices ETF by 13.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 330,524 shares of the company’s stock valued at $19,858,000 after acquiring an additional 39,304 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Performance

NYSEARCA IHI opened at $58.42 on Wednesday. The company has a market cap of $3.62 billion, a P/E ratio of 30.76 and a beta of 0.89. The business’s 50 day moving average price is $61.74 and its 200-day moving average price is $61.45. iShares U.S. Medical Devices ETF has a fifty-two week low of $52.90 and a fifty-two week high of $64.99.

iShares U.S. Medical Devices ETF Company 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.