Envestnet Asset Management Inc. Lowers Position in iShares U.S. Consumer Discretionary ETF $IYC

Envestnet Asset Management Inc. lowered its stake in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 18.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,621 shares of the company’s stock after selling 9,844 shares during the period. Envestnet Asset Management Inc. owned approximately 0.26% of iShares U.S. Consumer Discretionary ETF worth $4,676,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IYC. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 15.3% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,837,118 shares of the company’s stock worth $192,530,000 after buying an additional 244,017 shares during the last quarter. PGIM Custom Harvest LLC increased its stake in iShares U.S. Consumer Discretionary ETF by 5.4% during the second quarter. PGIM Custom Harvest LLC now owns 1,027,290 shares of the company’s stock worth $102,359,000 after acquiring an additional 53,074 shares during the last quarter. Bank of America Corp DE increased its stake in iShares U.S. Consumer Discretionary ETF by 9.1% during the second quarter. Bank of America Corp DE now owns 853,831 shares of the company’s stock worth $85,076,000 after acquiring an additional 71,115 shares during the last quarter. Pinkerton Wealth LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the 2nd quarter worth about $34,286,000. Finally, MML Investors Services LLC lifted its stake in shares of iShares U.S. Consumer Discretionary ETF by 35.2% in the 2nd quarter. MML Investors Services LLC now owns 343,195 shares of the company’s stock valued at $34,196,000 after purchasing an additional 89,260 shares in the last quarter.

iShares U.S. Consumer Discretionary ETF Stock Performance

Shares of NYSEARCA:IYC opened at $102.27 on Monday. The stock has a 50-day simple moving average of $104.13 and a 200-day simple moving average of $103.47. The stock has a market capitalization of $1.43 billion, a P/E ratio of 26.19 and a beta of 1.20. iShares U.S. Consumer Discretionary ETF has a 1 year low of $77.66 and a 1 year high of $107.36.

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.