Citigroup Inc. lessened its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Free Report) by 42.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,124 shares of the company’s stock after selling 78,744 shares during the quarter. Citigroup Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $6,448,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 1st quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $33,000. Copia Wealth Management acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $33,000. Columbia River Financial Group LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 1st quarter worth approximately $34,000. Finally, Westside Investment Management Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 97.0% in the 1st quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $39,000 after acquiring an additional 320 shares in the last quarter.
iShares U.S. Medical Devices ETF Trading Up 0.5%
Shares of IHI opened at $61.90 on Monday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 30.76 and a beta of 0.85. The stock has a 50 day moving average of $61.14 and a 200-day moving average of $60.94. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18.
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.
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