iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $120.40 and last traded at $61.93, with a volume of 446833 shares changing hands. The stock had previously closed at $62.68.
iShares U.S. Medical Devices ETF Stock Performance
The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. The company has a 50 day moving average price of $61.73 and a 200 day moving average price of $61.39.
Institutional Trading of iShares U.S. Medical Devices ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in shares of iShares U.S. Medical Devices ETF by 740.0% in the third quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after buying an additional 370 shares in the last quarter. FWL Investment Management LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 3rd quarter worth about $27,000. Country Trust Bank acquired a new stake in shares of iShares U.S. Medical Devices ETF in the 2nd quarter worth about $28,000. Group One Trading LLC bought a new position in iShares U.S. Medical Devices ETF in the 2nd quarter valued at about $29,000. Finally, Legend Financial Advisors Inc. acquired a new position in iShares U.S. Medical Devices ETF during the 2nd quarter valued at about $36,000.
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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