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

iShares U.S. Medical Devices ETF (NYSEARCA:IHI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.35 and last traded at $64.32, with a volume of 878378 shares. The stock had previously closed at $63.87.

iShares U.S. Medical Devices ETF Trading Down 0.1 %

The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The stock’s 50-day moving average is $60.45 and its 200-day moving average is $58.92.

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

Hedge funds have recently made changes to their positions in the business. Modus Advisors LLC acquired a new stake in iShares U.S. Medical Devices ETF in the fourth quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at $33,000. RPg Family Wealth Advisory LLC acquired a new stake in iShares U.S. Medical Devices ETF during the 3rd quarter valued at $35,000. Synergy Asset Management LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter worth $49,000. Finally, Truvestments Capital LLC acquired a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth $53,000.

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.