Wealthstar Advisors LLC Makes New $1.92 Million Investment in iShares U.S. Consumer Discretionary ETF $IYC

Wealthstar Advisors LLC acquired a new position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,219 shares of the company’s stock, valued at approximately $1,915,000. iShares U.S. Consumer Discretionary ETF accounts for approximately 0.7% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Wealthstar Advisors LLC owned about 0.11% of iShares U.S. Consumer Discretionary ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYC. Wealth Enhancement Advisory Services LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 30.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,285 shares of the company’s stock worth $412,000 after purchasing an additional 1,000 shares during the period. Farther Finance Advisors LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 3,696.6% in the first quarter. Farther Finance Advisors LLC now owns 2,240 shares of the company’s stock worth $199,000 after purchasing an additional 2,181 shares during the period. Sound Income Strategies LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the first quarter worth about $32,000. Cadent Capital Advisors LLC grew its holdings in shares of iShares U.S. Consumer Discretionary ETF by 11.3% during the first quarter. Cadent Capital Advisors LLC now owns 48,650 shares of the company’s stock valued at $4,297,000 after buying an additional 4,930 shares during the last quarter. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the first quarter valued at approximately $587,000.

iShares U.S. Consumer Discretionary ETF Stock Down 0.3%

NYSEARCA:IYC opened at $103.00 on Friday. The company’s 50 day moving average price is $103.50 and its 200-day moving average price is $97.41. iShares U.S. Consumer Discretionary ETF has a 52 week low of $77.66 and a 52 week high of $106.42. The stock has a market cap of $1.88 billion, a price-to-earnings 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.