Prime Capital Investment Advisors LLC cut its holdings in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC – Free Report) by 35.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,580 shares of the company’s stock after selling 3,042 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $556,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in iShares U.S. Consumer Discretionary ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 286 shares of the company’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Cooksen Wealth LLC bought a new stake in iShares U.S. Consumer Discretionary ETF in the first quarter worth $28,000. Sound Income Strategies LLC bought a new stake in iShares U.S. Consumer Discretionary ETF in the first quarter worth $32,000. Trust Co. of Vermont bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the first quarter valued at about $33,000. Finally, Founders Financial Alliance LLC raised its stake in shares of iShares U.S. Consumer Discretionary ETF by 252.2% during the first quarter. Founders Financial Alliance LLC now owns 553 shares of the company’s stock valued at $49,000 after acquiring an additional 396 shares during the last quarter.
iShares U.S. Consumer Discretionary ETF Trading Down 2.1%
Shares of NYSEARCA:IYC opened at $100.79 on Friday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 26.19 and a beta of 1.13. The company has a 50-day moving average price of $103.56 and a 200-day moving average price of $97.48. iShares U.S. Consumer Discretionary ETF has a 12 month low of $77.66 and a 12 month high of $106.42.
About iShares U.S. Consumer Discretionary ETF
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.
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