iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Hits New 12-Month Low – Should You Sell?

iShares U.S. Medical Devices ETF (NYSEARCA:IHI)’s stock price reached a new 52-week low on Monday . The company traded as low as $49.94 and last traded at $49.94, with a volume of 1189243 shares traded. The stock had previously closed at $50.50.

iShares U.S. Medical Devices ETF Stock Performance

The business’s 50-day moving average is $55.04 and its 200-day moving average is $59.25. The company has a market capitalization of $3.09 billion, a PE ratio of 30.76 and a beta of 0.86.

Institutional Trading of iShares U.S. Medical Devices ETF

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its position in shares of iShares U.S. Medical Devices ETF by 13.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 330,524 shares of the company’s stock worth $19,858,000 after purchasing an additional 39,304 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in iShares U.S. Medical Devices ETF during the 4th quarter valued at about $1,950,000. Merit Financial Group LLC increased its stake in iShares U.S. Medical Devices ETF by 104.7% during the 3rd quarter. Merit Financial Group LLC now owns 17,429 shares of the company’s stock valued at $1,047,000 after purchasing an additional 8,916 shares in the last quarter. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in iShares U.S. Medical Devices ETF in the third quarter worth about $8,720,000. Finally, Jones Financial Companies Lllp raised its holdings in iShares U.S. Medical Devices ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 177,528 shares of the company’s stock worth $10,595,000 after buying an additional 13,363 shares during 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.