iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $48.57 and last traded at $48.66, with a volume of 185253 shares. The stock had previously closed at $49.01.
iShares U.S. Medical Devices ETF Price Performance
The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 30.76 and a beta of 0.86. The firm has a fifty day simple moving average of $53.76 and a two-hundred day simple moving average of $58.78.
Institutional Investors Weigh In On iShares U.S. Medical Devices ETF
Several institutional investors have recently added to or reduced their stakes in IHI. IMC Chicago LLC boosted its holdings in iShares U.S. Medical Devices ETF by 100.0% in the first quarter. IMC Chicago LLC now owns 5,066 shares of the company’s stock worth $270,000 after acquiring an additional 12,156,873 shares in the last quarter. Morgan Stanley boosted its holdings in iShares U.S. Medical Devices ETF by 14.4% in the fourth quarter. Morgan Stanley now owns 3,440,023 shares of the company’s stock worth $213,798,000 after acquiring an additional 432,620 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares U.S. Medical Devices ETF by 19.1% in the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock worth $121,208,000 after acquiring an additional 310,962 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth about $17,761,000. Finally, BNP Paribas Financial Markets boosted its holdings in iShares U.S. Medical Devices ETF by 2,540.7% in the fourth quarter. BNP Paribas Financial Markets now owns 252,529 shares of the company’s stock worth $15,695,000 after acquiring an additional 242,966 shares in the last quarter.
About iShares U.S. Medical Devices ETF
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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