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

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $63.13 and last traded at $63.08, with a volume of 2122249 shares changing hands. The stock had previously closed at $61.84.

iShares U.S. Medical Devices ETF Stock Performance

The company’s 50 day moving average price is $59.96 and its 200 day moving average price is $58.60. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

Institutional Trading of iShares U.S. Medical Devices ETF

Several large investors have recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in shares of iShares U.S. Medical Devices ETF in the fourth quarter valued at $28,000. RPg Family Wealth Advisory LLC acquired a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $35,000. Truvestments Capital LLC bought a new position in shares of iShares U.S. Medical Devices ETF in the third quarter worth about $53,000. TD Private Client Wealth LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 49.8% in the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock worth $55,000 after acquiring an additional 311 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock worth $60,000 after purchasing an additional 691 shares in 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.