Exclusive: iShares Dow Jones US Medical Dev.(ETF) Registered $-61.04M Redemptions Because Of -4.46% AUM Decrease

Exclusive: iShares Dow Jones US Medical Dev.(ETF) Registered $ 61.04M Redemptions Because Of  4.46% AUM Decrease

Today were reported iShares Dow Jones US Medical Dev.(ETF) (NYSEARCA:IHI)‘s daily net flows. The ETF registered $-61.04M asset outflows for -4.46% decrease, reaching $1309.07M after yestarday’s trading session. The chart of iShares Dow Jones US Medical Dev.(ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.59% or $0.79 on October 28, hitting $135.47. iShares Dow Jones US Medical Dev.(ETF) (NYSEARCA:IHI) has risen 11.10% since March 29, 2016 and is uptrending. It has outperformed by 7.63% the S&P500.

The ETF’s YTD performance is 19.02%, the 1 year is 32.13% and the 3 year is 20.71%.

The ETF’s average P/E ratio is 25.23, the price to book is 3.34, the price to sales is 3.72 and the price to cashflow is 24.08. iShares Dow Jones US Medical Dev.(ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Medtronic plc. Ordinary Shares for 12.72% of assets, Thermo Fisher Scientific Inc Co for 7.90%, Abbott Laboratories Common Stoc for 7.76%, Danaher Corporation Common Stoc for 6.30%, Becton Dickinson and Company C for 5.37%, Stryker Corporation Common Stoc for 5.14%, Boston Scientific Corporation C for 4.69%, Intuitive Surgical Inc. for 4.26%, Zimmer Biomet Holdings Inc. Co for 3.99%, Edwards Lifesciences Corporatio for 3.98%. The ETF sector weights are: Healthcare 93.26%, Industrials 6.31%, Technology 0.43%. The ETF currently as 0% yield.

More notable recent iShares Dow Jones US Medical Dev.(ETF) (NYSEARCA:IHI) news were published by: Benzinga.com which released: “Medical Device ETFs Flash Bearish Technicals, Fundamentals Post-Obama Win” on November 09, 2012, also Benzinga.com with their article: “More Pain Awaits Medical Device ETFs” published on November 07, 2012, Business.Financialpost.com published: “How the U.S. election could hit your portfolio — no matter who wins” on October 28, 2016. More interesting news about iShares Dow Jones US Medical Dev.(ETF) (NYSEARCA:IHI) were released by: Fool.com and their article: “3 Stock Market Industry Trends to Bet On in 2016” published on April 21, 2016 as well as Etfdailynews.com‘s news article titled: “Best and Worst ETFs In The Health Care Sector [SPDR S&P Biotech (ETF), iShares …” with publication date: January 22, 2014.

IHI Company Profile

iShares Dow Jones U.S. Medical Devices Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Medical Equipment Index (the Index). The Index measures the performance of the medical equipment sector of the United States equity market. The Index includes medical equipment companies, such as manufacturers and distributors of medical devices, such as magnetic resonance imaging (MRI) scanners, prosthetics, pacemakers, x-ray machines and other non-disposable medical devices.

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