iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Hits New 52-Week High – What’s Next?

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) hit a new 52-week high during trading on Monday . The company traded as high as $60.88 and last traded at $60.56, with a volume of 5001 shares changing hands. The stock had previously closed at $60.35.

iShares U.S. Medical Devices ETF Stock Up 0.1 %

The stock has a 50-day moving average of $59.20 and a 200 day moving average of $57.41. The stock has a market cap of $5.71 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 company. Assetmark Inc. raised its position in shares of iShares U.S. Medical Devices ETF by 20.7% during the 3rd quarter. Assetmark Inc. now owns 1,615 shares of the company’s stock worth $96,000 after purchasing an additional 277 shares during the last quarter. Raymond James & Associates lifted its position in shares of iShares U.S. Medical Devices ETF by 0.5% in the third quarter. Raymond James & Associates now owns 378,727 shares of the company’s stock valued at $22,428,000 after acquiring an additional 1,756 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted 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 worth $439,000 after acquiring an additional 786 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of 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 worth $44,937,000 after purchasing an additional 744,407 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in iShares U.S. Medical Devices ETF by 10.0% in 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 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.