iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Reaches New 1-Year High – Here’s Why

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

iShares U.S. Medical Devices ETF Stock Performance

The stock’s fifty day moving average price is $58.88 and its 200-day moving average price is $56.98. The firm has a market cap of $5.65 billion, a PE ratio of 35.18 and a beta of 0.83.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James & Associates raised its holdings in iShares U.S. Medical Devices ETF by 0.5% during the 3rd quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock worth $22,428,000 after buying an additional 1,756 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares U.S. Medical Devices ETF by 11.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock valued at $439,000 after purchasing an additional 786 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in iShares U.S. Medical Devices ETF by 5,167.0% during the third quarter. International Assets Investment Management LLC now owns 758,814 shares of the company’s stock valued at $44,937,000 after purchasing an additional 744,407 shares in the last quarter. Private Advisor Group LLC lifted its holdings in iShares U.S. Medical Devices ETF by 10.0% during the 3rd quarter. Private Advisor Group LLC now owns 66,263 shares of the company’s stock valued at $3,924,000 after purchasing an additional 6,022 shares during the last quarter. Finally, AMG National Trust Bank raised its holdings in shares of iShares U.S. Medical Devices ETF by 100.0% in the second quarter. AMG National Trust Bank now owns 7,776 shares of the company’s stock valued at $436,000 after buying an additional 3,888 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.