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The future of U.S. medical devices companies amid tariff impositions
Seeking Alpha News (Mon, 3-Mar 2:56 PM ET)
The iShares Dow Jones U.S. Medical Devices Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Medical Equipment Index.
iShares U.S. Medical Devices ETF trades on the ARCA stock market under the symbol IHI.
As of March 3, 2025, IHI stock price climbed to $63.92 with 594,496 million shares trading.
IHI has a beta of 0.49, meaning it tends to be less sensitive to market movements. IHI has a correlation of 0.29 to the broad based SPY ETF.
IHI has a market cap of $5.04 billion. This is considered a Mid Cap stock.
In the last 3 years, IHI traded as high as $65.18 and as low as $43.96.
IHI has underperformed the market in the last year with a return of +12.2%, while SPY returned +16.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IHI shares. However, IHI has outperformed the market in the last 3 month and 2 week periods, returning +5.0% and -0.7%, while SPY returned -2.2% and -4.3%, respectively. This indicates IHI has been having a stronger performance recently.
IHI support price is $63.16 and resistance is $64.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IHI shares will trade within this expected range on the day.