iShares U.S. Medical Devices ETF (NYSEARCA:IHI – Get Free Report) shot up 5.6% on Thursday . The company traded as high as $52.68 and last traded at $52.65. Approximately 496,431 shares were traded during trading, a decline of 80% from the average daily volume of 2,481,015 shares. The stock had previously closed at $49.86.
iShares U.S. Medical Devices ETF Stock Down 3.2%
The stock has a fifty day moving average price of $49.95 and a two-hundred day moving average price of $54.66. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.
Hedge Funds Weigh In On iShares U.S. Medical Devices ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc increased its holdings in iShares U.S. Medical Devices ETF by 27.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 793 shares of the company’s stock valued at $49,000 after purchasing an additional 171 shares during the last quarter. Choreo LLC lifted its stake in iShares U.S. Medical Devices ETF by 1.4% during the fourth quarter. Choreo LLC now owns 12,917 shares of the company’s stock worth $809,000 after purchasing an additional 175 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of iShares U.S. Medical Devices ETF by 15.7% during the second quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after buying an additional 177 shares during the period. Retirement Planning Group LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 4.6% during the fourth quarter. Retirement Planning Group LLC now owns 4,107 shares of the company’s stock worth $255,000 after buying an additional 182 shares during the period. Finally, Cresset Asset Management LLC boosted its position in shares of iShares U.S. Medical Devices ETF by 4.1% during the third quarter. Cresset Asset Management LLC now owns 4,730 shares of the company’s stock worth $284,000 after buying an additional 185 shares during the period.
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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