Investors Buy Large Volume of Put Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHIGet Free Report) saw unusually large options trading on Monday. Investors purchased 20,043 put options on the company. This is an increase of 2,252% compared to the average volume of 852 put options.

iShares U.S. Medical Devices ETF Trading Up 0.0%

Shares of iShares U.S. Medical Devices ETF stock traded up $0.02 on Monday, reaching $50.10. 1,453,686 shares of the company were exchanged, compared to its average volume of 2,333,308. The stock has a fifty day moving average price of $51.38 and a 200-day moving average price of $57.25. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 30.76 and a beta of 0.83. iShares U.S. Medical Devices ETF has a fifty-two week low of $47.37 and a fifty-two week high of $64.71.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

A number of institutional investors and hedge funds have recently modified their holdings of IHI. High Point Wealth Management LLC purchased a new position in iShares U.S. Medical Devices ETF in the fourth quarter valued at about $1,950,000. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in iShares U.S. Medical Devices ETF in the third quarter valued at about $8,720,000. Trivium Point Advisory LLC grew its stake in iShares U.S. Medical Devices ETF by 344.0% in the third quarter. Trivium Point Advisory LLC now owns 17,467 shares of the company’s stock valued at $1,049,000 after purchasing an additional 13,533 shares in the last quarter. Merit Financial Group LLC grew its stake in iShares U.S. Medical Devices ETF by 104.7% in the third quarter. Merit Financial Group LLC now owns 17,429 shares of the company’s stock valued at $1,047,000 after purchasing an additional 8,916 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares U.S. Medical Devices ETF by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after acquiring an additional 223,216 shares during the last quarter.

About iShares U.S. Medical Devices ETF

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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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