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

PNC Financial Services Group Inc. reduced its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 77,951 shares of the company’s stock after selling 274 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $4,616,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IHI. International Assets Investment Management LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 5,167.0% in the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock worth $44,937,000 after purchasing an additional 744,407 shares during the last quarter. Flaharty Asset Management LLC lifted its stake in iShares U.S. Medical Devices ETF by 1.9% during the 2nd quarter. Flaharty Asset Management LLC now owns 431,783 shares of the company’s stock valued at $24,197,000 after acquiring an additional 8,241 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Medical Devices ETF by 11.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 400,501 shares of the company’s stock valued at $22,444,000 after acquiring an additional 41,737 shares during the last quarter. Raymond James & Associates grew its stake in shares of iShares U.S. Medical Devices ETF by 0.5% in the third quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock worth $22,428,000 after acquiring an additional 1,756 shares during the period. Finally, RiverFront Investment Group LLC raised its holdings in shares of iShares U.S. Medical Devices ETF by 8.7% during the second quarter. RiverFront Investment Group LLC now owns 290,829 shares of the company’s stock valued at $16,298,000 after purchasing an additional 23,162 shares during the last quarter.

iShares U.S. Medical Devices ETF Stock Down 0.1 %

Shares of iShares U.S. Medical Devices ETF stock opened at $60.35 on Monday. iShares U.S. Medical Devices ETF has a twelve month low of $49.47 and a twelve month high of $60.88. The company’s 50 day moving average is $59.20 and its 200 day moving average is $57.41. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

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.