iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report) shares were up 5.6% during mid-day trading on Thursday . The company traded as high as $52.68 and last traded at $52.65. Approximately 496,431 shares changed hands during trading, a decline of 80% from the average session volume of 2,481,015 shares. The stock had previously closed at $49.86.
iShares U.S. Medical Devices ETF Trading Up 4.6%
The stock has a market cap of $3.19 billion, a PE ratio of 30.76 and a beta of 0.82. The company’s 50 day moving average is $49.87 and its 200-day moving average is $54.77.
Institutional Trading of iShares U.S. Medical Devices ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley grew its stake in iShares U.S. Medical Devices ETF by 14.4% during the 4th quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock valued at $213,798,000 after purchasing an additional 432,620 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of iShares U.S. Medical Devices ETF by 19.1% during the 2nd quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after buying an additional 310,962 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of iShares U.S. Medical Devices ETF by 2.3% during the 4th quarter. Royal Bank of Canada now owns 762,405 shares of the company’s stock valued at $47,383,000 after buying an additional 17,355 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF during the second quarter worth approximately $33,602,000. Finally, JPMorgan Chase & Co. grew its position in shares of iShares U.S. Medical Devices ETF by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock worth $29,492,000 after buying an additional 223,216 shares in the last quarter.
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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