iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Hits New 1-Year High – Time to Buy?

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) shares reached a new 52-week high 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 Price Performance

The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. The firm’s 50 day moving average price is $59.96 and its 200-day moving average price is $58.60.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IHI. Modus Advisors LLC bought a new stake in iShares U.S. Medical Devices ETF in the 4th quarter valued at $28,000. RPg Family Wealth Advisory LLC bought a new stake in iShares U.S. Medical Devices ETF in the third quarter valued at about $35,000. Truvestments Capital LLC acquired a new position in iShares U.S. Medical Devices ETF in the third quarter worth about $53,000. TD Private Client Wealth LLC lifted its stake in iShares U.S. Medical Devices ETF by 49.8% during the third quarter. TD Private Client Wealth LLC now owns 936 shares of the company’s stock worth $55,000 after purchasing an additional 311 shares during the period. Finally, Blue Trust Inc. boosted its holdings in iShares U.S. Medical Devices ETF by 186.3% during the third quarter. Blue Trust Inc. now owns 1,062 shares of the company’s stock valued at $60,000 after purchasing an additional 691 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.