iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $120.40 and last traded at $61.93, with a volume of 446833 shares. The stock had previously closed at $62.68.
iShares U.S. Medical Devices ETF Stock Performance
The stock has a 50 day moving average of $61.86 and a two-hundred day moving average of $61.40. The stock has a market cap of $4.26 billion, a PE ratio of 30.76 and a beta of 0.89.
Institutional Investors Weigh In On iShares U.S. Medical Devices ETF
Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in iShares U.S. Medical Devices ETF by 13.5% during the 1st quarter. Raymond James Financial Inc. now owns 756,743 shares of the company’s stock valued at $45,548,000 after purchasing an additional 90,139 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the first quarter valued at $2,089,000. Summit Financial LLC raised its position in iShares U.S. Medical Devices ETF by 2.1% during the first quarter. Summit Financial LLC now owns 9,045 shares of the company’s stock valued at $544,000 after buying an additional 185 shares during the period. Monetary Management Group Inc. raised its position in iShares U.S. Medical Devices ETF by 41.2% during the first quarter. Monetary Management Group Inc. now owns 2,400 shares of the company’s stock valued at $144,000 after buying an additional 700 shares during the period. Finally, Sax Wealth Advisors LLC lifted its stake in iShares U.S. Medical Devices ETF by 18.9% in the 1st quarter. Sax Wealth Advisors LLC now owns 7,417 shares of the company’s stock worth $446,000 after acquiring an additional 1,177 shares in the last quarter.
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.
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