Montecito Bank & Trust Acquires 20,314 Shares of iShares U.S. Medical Devices ETF $IHI

Montecito Bank & Trust bought a new position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,314 shares of the company’s stock, valued at approximately $1,039,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IHI. Modus Advisors LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth approximately $30,000. Scarborough Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the first quarter valued at approximately $35,000. Nalls Sherbakoff Group LLC bought a new position in iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $57,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in iShares U.S. Medical Devices ETF in the 1st quarter worth approximately $53,000.

iShares U.S. Medical Devices ETF Stock Performance

IHI traded down $0.50 during mid-day trading on Thursday, reaching $50.65. The stock had a trading volume of 3,585,861 shares, compared to its average volume of 2,527,608. The stock has a market capitalization of $3.46 billion, a P/E ratio of 30.76 and a beta of 0.81. The firm’s fifty day simple moving average is $53.41 and its two-hundred day simple moving average is $52.06. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71.

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.