iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report) shares were up 5.6% on Thursday . The stock traded as high as $52.68 and last traded at $52.65. Approximately 496,431 shares were traded during mid-day trading, a decline of 80% from the average session volume of 2,481,015 shares. The stock had previously closed at $49.86.
iShares U.S. Medical Devices ETF Stock Performance
The business’s 50 day moving average price is $49.87 and its 200-day moving average price is $54.77. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.
Institutional Trading of iShares U.S. Medical Devices ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. High Point Wealth Management LLC bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth $1,950,000. Valicenti Advisory Services Inc. bought a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at $5,875,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 83.4% during 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 period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares U.S. Medical Devices ETF by 143.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,879 shares of the company’s stock valued at $8,010,000 after acquiring an additional 75,851 shares during the period. Finally, MCF Advisors LLC grew its position in shares of iShares U.S. Medical Devices ETF by 6,477.8% during the fourth quarter. MCF Advisors LLC now owns 17,168 shares of the company’s stock worth $1,067,000 after acquiring an additional 16,907 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.
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