Commerce Bank Sells 420 Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Commerce Bank trimmed its holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 3.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,960 shares of the company’s stock after selling 420 shares during the quarter. Commerce Bank’s holdings in iShares U.S. Medical Devices ETF were worth $767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IHI. International Assets Investment Management LLC boosted its position in iShares U.S. Medical Devices ETF by 5,167.0% in the 3rd quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock valued at $44,937,000 after buying an additional 744,407 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares U.S. Medical Devices ETF by 435.3% during the first quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock valued at $13,700,000 after acquiring an additional 190,153 shares during the period. Gimbal Financial acquired a new stake in iShares U.S. Medical Devices ETF in the third quarter worth about $6,609,000. Strategic Financial Concepts LLC bought a new stake in iShares U.S. Medical Devices ETF during the 2nd quarter worth about $58,000. Finally, Lake Hills Wealth Management LLC acquired a new position in iShares U.S. Medical Devices ETF during the 2nd quarter valued at about $4,160,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of NYSEARCA:IHI opened at $60.69 on Tuesday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The company has a 50 day moving average of $59.20 and a 200-day moving average of $57.41. iShares U.S. Medical Devices ETF has a one year low of $49.47 and a one year high of $60.88.

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.