iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Hits New 1-Year High at $57.99

iShares U.S. Medical Devices ETF (NYSEARCA:IHIGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.99 and last traded at $57.91, with a volume of 985169 shares traded. The stock had previously closed at $57.38.

iShares U.S. Medical Devices ETF Stock Up 0.2 %

The stock has a market capitalization of $6.31 billion, a PE ratio of 33.98 and a beta of 0.85. The firm has a 50 day moving average price of $55.28 and a 200 day moving average price of $51.45.

Institutional Trading of iShares U.S. Medical Devices ETF

A number of institutional investors and hedge funds have recently modified their holdings of IHI. Baystate Wealth Management LLC purchased a new stake in iShares U.S. Medical Devices ETF in the second quarter worth $25,000. Union Savings Bank purchased a new stake in iShares U.S. Medical Devices ETF in the second quarter worth $25,000. Buck Wealth Strategies LLC purchased a new stake in iShares U.S. Medical Devices ETF in the third quarter worth $26,000. First Horizon Advisors Inc. increased its position in iShares U.S. Medical Devices ETF by 833.3% in the second quarter. First Horizon Advisors Inc. now owns 560 shares of the company’s stock worth $32,000 after buying an additional 500 shares during the last quarter. Finally, Main Management LLC increased its position in iShares U.S. Medical Devices ETF by 90.2% in the fourth quarter. Main Management LLC now owns 603 shares of the company’s stock worth $33,000 after buying an additional 286 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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