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

iShares U.S. Medical Devices ETF (NYSEARCA:IHI)’s share price hit a new 52-week high on Thursday . The stock traded as high as $61.38 and last traded at $61.36, with a volume of 170144 shares traded. The stock had previously closed at $60.62.

iShares U.S. Medical Devices ETF Price Performance

The firm has a 50 day simple moving average of $59.80 and a 200-day simple moving average of $58.38. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. LaFleur & Godfrey LLC raised its position in iShares U.S. Medical Devices ETF by 6.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 3,805 shares of the company’s stock valued at $222,000 after purchasing an additional 228 shares during the period. Client 1ST Advisory Group LLC purchased a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $331,000. Sax Wealth Advisors LLC purchased a new position in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $364,000. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares U.S. Medical Devices ETF by 8.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,721 shares of the company’s stock valued at $276,000 after acquiring an additional 366 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in iShares U.S. Medical Devices ETF during the fourth quarter worth about $590,000.

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.