Somerset Group LLC Increases Position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Somerset Group LLC lifted its position in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,651 shares of the company’s stock after purchasing an additional 556 shares during the period. iShares U.S. Medical Devices ETF comprises approximately 2.7% of Somerset Group LLC’s portfolio, making the stock its 12th largest position. Somerset Group LLC owned approximately 0.06% of iShares U.S. Medical Devices ETF worth $3,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers grew its stake in iShares U.S. Medical Devices ETF by 435.3% during the 1st quarter. Cetera Investment Advisers now owns 233,834 shares of the company’s stock worth $13,700,000 after buying an additional 190,153 shares during the last quarter. Global Assets Advisory LLC grew its position in shares of iShares U.S. Medical Devices ETF by 1,148.5% during the first quarter. Global Assets Advisory LLC now owns 145,160 shares of the company’s stock worth $8,505,000 after acquiring an additional 133,533 shares during the last quarter. Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares U.S. Medical Devices ETF in the 1st quarter valued at $6,363,000. Strategic Financial Concepts LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 2nd quarter valued at $58,000. Finally, BNP Paribas Financial Markets boosted its stake in iShares U.S. Medical Devices ETF by 581.3% during the 1st quarter. BNP Paribas Financial Markets now owns 116,170 shares of the company’s stock worth $6,806,000 after purchasing an additional 99,118 shares during the period.

iShares U.S. Medical Devices ETF Trading Down 0.7 %

iShares U.S. Medical Devices ETF stock opened at $58.83 on Thursday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 35.18 and a beta of 0.83. iShares U.S. Medical Devices ETF has a twelve month low of $43.96 and a twelve month high of $60.11. The stock has a 50 day moving average of $57.08 and a two-hundred day moving average of $56.58.

iShares U.S. Medical Devices ETF 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.