iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Sets New 12-Month High – What’s Next?

iShares U.S. Medical Devices ETF (NYSEARCA:IHI)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.73 and last traded at $60.64, with a volume of 7662 shares trading hands. The stock had previously closed at $59.49.

iShares U.S. Medical Devices ETF Stock Up 0.5 %

The business’s 50-day moving average price is $58.88 and its 200 day moving average price is $56.98. The company has a market capitalization of $5.65 billion, a P/E ratio of 35.18 and a beta of 0.83.

Institutional Trading of iShares U.S. Medical Devices ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 1st quarter valued at about $27,000. GAMMA Investing LLC grew its position in shares of iShares U.S. Medical Devices ETF by 91.1% in the second quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock valued at $29,000 after purchasing an additional 246 shares during the period. Global Trust Asset Management LLC lifted its stake in iShares U.S. Medical Devices ETF by 400.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 750 shares of the company’s stock worth $42,000 after purchasing an additional 600 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at approximately $58,000. Finally, Blue Trust Inc. lifted its position in iShares U.S. Medical Devices ETF by 186.3% in the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after buying an additional 691 shares during 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.