iShares U.S. Consumer Discretionary ETF $IYC Stock Position Cut by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its stake in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 60.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,490 shares of the company’s stock after selling 20,600 shares during the period. NewEdge Advisors LLC owned approximately 0.12% of iShares U.S. Consumer Discretionary ETF worth $1,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in iShares U.S. Consumer Discretionary ETF by 361.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,009 shares of the company’s stock valued at $19,389,000 after purchasing an additional 147,240 shares in the last quarter. WealthCare Asset Management LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth $1,895,000. Allen Investment Management LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth $646,000. Ibex Wealth Advisors acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the first quarter valued at $730,000. Finally, Tudor Financial Inc. acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter valued at $692,000.

iShares U.S. Consumer Discretionary ETF Price Performance

Shares of IYC stock opened at $103.45 on Monday. The stock has a 50-day simple moving average of $101.03 and a 200 day simple moving average of $101.08. iShares U.S. Consumer Discretionary ETF has a fifty-two week low of $93.99 and a fifty-two week high of $107.36. The stock has a market capitalization of $1.22 billion, a P/E ratio of 26.19 and a beta of 1.13.

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.