iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Sets New 1-Year Low – Here’s What Happened

iShares U.S. Medical Devices ETF (NYSEARCA:IHI)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $52.90 and last traded at $53.10, with a volume of 215791 shares trading hands. The stock had previously closed at $55.00.

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

The company has a fifty day moving average price of $62.22 and a 200 day moving average price of $60.58. The stock has a market cap of $4.35 billion, a PE ratio of 29.98 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in iShares U.S. Medical Devices ETF by 5,919.0% during the 1st quarter. GAMMA Investing LLC now owns 31,058 shares of the company’s stock valued at $1,869,000 after purchasing an additional 30,542 shares during the period. Mascagni Wealth Management Inc. bought a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth approximately $108,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares U.S. Medical Devices ETF by 3.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 221,943 shares of the company’s stock valued at $12,950,000 after buying an additional 6,781 shares during the period. Wealthedge Investment Advisors LLC bought a new position in shares of iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $923,000. Finally, Copia Wealth Management purchased a new stake in iShares U.S. Medical Devices ETF in the fourth quarter worth $33,000.

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.