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

Somerset Group LLC reduced its stake in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,931 shares of the company’s stock after selling 695 shares during the quarter. iShares U.S. Medical Devices ETF makes up about 2.8% of Somerset Group LLC’s holdings, making the stock its 13th biggest holding. Somerset Group LLC owned about 0.05% of iShares U.S. Medical Devices ETF worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth about $289,000. Virtu Financial LLC grew its position in shares of iShares U.S. Medical Devices ETF by 52.3% in the 4th quarter. Virtu Financial LLC now owns 67,755 shares of the company’s stock worth $3,953,000 after buying an additional 23,259 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth about $39,000. Evoke Wealth LLC purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth about $285,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of iShares U.S. Medical Devices ETF in the 4th quarter worth about $2,352,000.

iShares U.S. Medical Devices ETF Price Performance

NYSEARCA:IHI opened at $59.61 on Friday. The firm’s 50-day moving average price is $62.72 and its 200-day moving average price is $60.53. The company has a market capitalization of $4.69 billion, a PE ratio of 29.98 and a beta of 0.90. iShares U.S. Medical Devices ETF has a 1-year low of $53.72 and a 1-year high of $65.18.

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.