Redstone Wealth Management LLC Makes New Investment in iShares U.S. Consumer Discretionary ETF $IYC

Redstone Wealth Management LLC bought a new position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,682 shares of the company’s stock, valued at approximately $792,000. iShares U.S. Consumer Discretionary ETF accounts for 0.6% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Redstone Wealth Management LLC owned about 0.05% of iShares U.S. Consumer Discretionary ETF at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in iShares U.S. Consumer Discretionary ETF by 0.9% in the first quarter. NewEdge Advisors LLC now owns 13,837 shares of the company’s stock worth $1,222,000 after purchasing an additional 125 shares during the period. Whitener Capital Management Inc. raised its holdings in iShares U.S. Consumer Discretionary ETF by 1.3% in the fourth quarter. Whitener Capital Management Inc. now owns 11,738 shares of the company’s stock worth $1,211,000 after purchasing an additional 145 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in iShares U.S. Consumer Discretionary ETF by 0.3% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 57,118 shares of the company’s stock worth $5,891,000 after purchasing an additional 149 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in iShares U.S. Consumer Discretionary ETF by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,959 shares of the company’s stock worth $305,000 after purchasing an additional 158 shares during the period. Finally, CWM LLC raised its holdings in iShares U.S. Consumer Discretionary ETF by 2.7% in the fourth quarter. CWM LLC now owns 6,994 shares of the company’s stock worth $721,000 after purchasing an additional 181 shares during the period.

iShares U.S. Consumer Discretionary ETF Stock Performance

IYC opened at $102.18 on Monday. The firm’s fifty day moving average is $100.18 and its two-hundred day moving average is $102.05. The firm has a market cap of $1.19 billion, a PE ratio of 26.19 and a beta of 1.15. iShares U.S. Consumer Discretionary ETF has a twelve month low of $93.99 and a twelve month high of $107.36.

iShares U.S. Consumer Discretionary ETF Profile

The iShares US Consumer Discretionary ETF (IYC) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of US companies that provide consumer services. IYC was launched on Jun 12, 2000 and is managed by BlackRock.