iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Sets New 52-Week High at $59.17

iShares U.S. Medical Devices ETF (NYSEARCA:IHI)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $59.17 and last traded at $59.12, with a volume of 596024 shares trading hands. The stock had previously closed at $58.71.

iShares U.S. Medical Devices ETF Trading Up 0.7 %

The stock has a market capitalization of $5.59 billion, a P/E ratio of 35.18 and a beta of 0.83. The stock’s fifty day moving average price is $56.53 and its two-hundred day moving average price is $56.48.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IHI. Wells Fargo & Company MN raised its holdings in shares of iShares U.S. Medical Devices ETF by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,328,701 shares of the company’s stock valued at $71,710,000 after acquiring an additional 70,238 shares in the last quarter. UBS Group AG lifted its holdings in iShares U.S. Medical Devices ETF by 6.4% in the fourth quarter. UBS Group AG now owns 1,324,308 shares of the company’s stock valued at $71,473,000 after acquiring an additional 80,033 shares during the period. Flaharty Asset Management LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 1.9% during the 2nd quarter. Flaharty Asset Management LLC now owns 431,783 shares of the company’s stock worth $24,197,000 after buying an additional 8,241 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 11.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 400,501 shares of the company’s stock worth $22,444,000 after buying an additional 41,737 shares during the period. Finally, Raymond James & Associates increased its position in shares of iShares U.S. Medical Devices ETF by 0.8% during the second quarter. Raymond James & Associates now owns 376,971 shares of the company’s stock worth $21,125,000 after purchasing an additional 3,020 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.