Raymond James & Associates Reduces Stock Position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Raymond James & Associates reduced its stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,421 shares of the company’s stock after selling 5,999 shares during the period. Raymond James & Associates owned approximately 0.44% of iShares U.S. Consumer Discretionary ETF worth $4,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacifica Partners Inc. purchased a new position in iShares U.S. Consumer Discretionary ETF during the first quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at $26,000. Global Trust Asset Management LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF during the 2nd quarter valued at $30,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $41,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $44,000.

iShares U.S. Consumer Discretionary ETF Stock Up 1.3 %

iShares U.S. Consumer Discretionary ETF stock opened at $83.71 on Friday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16. The business has a 50-day simple moving average of $81.58 and a 200 day simple moving average of $80.34. iShares U.S. Consumer Discretionary ETF has a 52 week low of $62.95 and a 52 week high of $85.03.

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.