iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $65.08 and last traded at $64.78, with a volume of 127135 shares trading hands. The stock had previously closed at $64.17.
iShares U.S. Medical Devices ETF Price Performance
The stock has a market capitalization of $6.03 billion, a P/E ratio of 35.18 and a beta of 0.83. The company’s 50 day simple moving average is $60.88 and its two-hundred day simple moving average is $59.24.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of 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 acquiring an additional 744,407 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares U.S. Medical Devices ETF by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 1,202,394 shares of the company’s stock worth $71,206,000 after purchasing an additional 674,168 shares during the period. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter worth $38,896,000. Gimbal Financial bought a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth $6,609,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 4th quarter valued at $5,978,000.
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.
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