Summit X LLC Decreases Holdings in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Summit X LLC cut its holdings in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,832 shares of the company’s stock after selling 187 shares during the quarter. Summit X LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $561,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IYC. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the third quarter worth $71,847,000. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $21,561,000. SPC Financial Inc. increased its stake in shares of iShares U.S. Consumer Discretionary ETF by 3,152.2% in the fourth quarter. SPC Financial Inc. now owns 178,544 shares of the company’s stock worth $17,165,000 after buying an additional 173,054 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the third quarter worth $13,255,000. Finally, Norden Group LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $9,522,000.

iShares U.S. Consumer Discretionary ETF Stock Down 0.9 %

Shares of NYSEARCA IYC opened at $87.68 on Wednesday. The firm’s fifty day moving average is $97.53 and its 200 day moving average is $93.32. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 25.54 and a beta of 1.21. iShares U.S. Consumer Discretionary ETF has a 52 week low of $74.38 and a 52 week high of $101.87.

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.