iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually-high trading volume on Wednesday. Approximately 3,617,311 shares changed hands during trading, an increase of 40% from the previous session’s volume of 2,579,668 shares. The stock last traded at $53.1820 and had previously closed at $54.27.

iShares U.S. Medical Devices ETF Stock Down 1.8%

The stock has a market cap of $3.68 billion, a P/E ratio of 30.76 and a beta of 0.82. The business’s 50-day simple moving average is $53.15 and its two-hundred day simple moving average is $51.85.

Institutional Trading of iShares U.S. Medical Devices ETF

Institutional investors have recently modified their holdings of the business. Sowell Financial Services LLC increased its stake in iShares U.S. Medical Devices ETF by 46.0% in the 3rd quarter. Sowell Financial Services LLC now owns 12,506 shares of the company’s stock worth $640,000 after acquiring an additional 3,940 shares during the last quarter. Carnegie Investment Counsel purchased a new position in shares of iShares U.S. Medical Devices ETF during the third quarter worth about $563,000. IFP Advisors Inc increased its position in shares of iShares U.S. Medical Devices ETF by 16.4% in the third quarter. IFP Advisors Inc now owns 3,417 shares of the company’s stock worth $175,000 after purchasing an additional 481 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its position in shares of iShares U.S. Medical Devices ETF by 22.6% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 38,419 shares of the company’s stock valued at $1,965,000 after buying an additional 7,078 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new position in iShares U.S. Medical Devices ETF in the third quarter valued at $368,000.

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.