iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Reaches New 1-Year High – Still a Buy?

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

iShares U.S. Medical Devices ETF Stock Up 1.0 %

The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The stock’s 50 day moving average is $60.11 and its 200 day moving average is $58.66.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

Several hedge funds have recently modified their holdings of IHI. Concord Wealth Partners lifted its stake in iShares U.S. Medical Devices ETF by 8.7% during the third quarter. Concord Wealth Partners now owns 2,156 shares of the company’s stock valued at $128,000 after purchasing an additional 173 shares during the last quarter. LaFleur & Godfrey LLC increased its holdings in shares of 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 buying an additional 228 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of iShares U.S. Medical Devices ETF by 9.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 3,090 shares of the company’s stock valued at $180,000 after buying an additional 257 shares in the last quarter. Assetmark Inc. lifted 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 valued at $96,000 after acquiring an additional 277 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 49.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock worth $55,000 after acquiring an additional 311 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.