Ibex Wealth Advisors Invests $730,000 in iShares U.S. Consumer Discretionary ETF $IYC

Ibex Wealth Advisors bought a new stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,527 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYC. Bank of America Corp DE raised its stake in shares of iShares U.S. Consumer Discretionary ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 866,633 shares of the company’s stock worth $90,823,000 after purchasing an additional 12,802 shares during the last quarter. UBS Group AG increased its holdings in iShares U.S. Consumer Discretionary ETF by 1.0% in the 4th quarter. UBS Group AG now owns 551,396 shares of the company’s stock worth $56,865,000 after buying an additional 5,396 shares during the period. MML Investors Services LLC increased its holdings in iShares U.S. Consumer Discretionary ETF by 12.5% in the 4th quarter. MML Investors Services LLC now owns 414,848 shares of the company’s stock worth $42,783,000 after buying an additional 45,959 shares during the period. Wells Fargo & Company MN raised its position in iShares U.S. Consumer Discretionary ETF by 2.1% during the 4th quarter. Wells Fargo & Company MN now owns 366,512 shares of the company’s stock worth $37,798,000 after buying an additional 7,706 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in iShares U.S. Consumer Discretionary ETF by 4.1% during the 4th quarter. Royal Bank of Canada now owns 273,892 shares of the company’s stock valued at $28,247,000 after acquiring an additional 10,780 shares during the period.

iShares U.S. Consumer Discretionary ETF Price Performance

IYC stock opened at $101.08 on Friday. The company has a market capitalization of $1.16 billion, a P/E ratio of 26.19 and a beta of 1.13. iShares U.S. Consumer Discretionary ETF has a 12 month low of $93.99 and a 12 month high of $107.36. The firm’s fifty day simple moving average is $101.36 and its 200-day simple moving average is $101.80.

iShares U.S. Consumer Discretionary ETF Company 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.