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

Summit X LLC trimmed its position in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 6,535 shares of the company’s stock after selling 202 shares during the quarter. Summit X LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in IYC. WealthBridge Capital Management LLC increased its stake in iShares U.S. Consumer Discretionary ETF by 2.4% in the 3rd quarter. WealthBridge Capital Management LLC now owns 8,505 shares of the company’s stock valued at $569,000 after purchasing an additional 200 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in iShares U.S. Consumer Discretionary ETF by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,269 shares of the company’s stock valued at $420,000 after purchasing an additional 205 shares during the last quarter. Blair William & Co. IL lifted its holdings in iShares U.S. Consumer Discretionary ETF by 5.7% in the 3rd quarter. Blair William & Co. IL now owns 4,226 shares of the company’s stock valued at $283,000 after purchasing an additional 229 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in iShares U.S. Consumer Discretionary ETF by 6.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,026 shares of the company’s stock valued at $305,000 after purchasing an additional 233 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC boosted its stake in shares of iShares U.S. Consumer Discretionary ETF by 1.0% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 25,705 shares of the company’s stock worth $1,948,000 after purchasing an additional 254 shares during the last quarter.

iShares U.S. Consumer Discretionary ETF Stock Performance

NYSEARCA IYC traded up $0.21 during mid-day trading on Friday, reaching $80.00. 21,851 shares of the stock were exchanged, compared to its average volume of 89,709. The stock has a market capitalization of $956 million, a PE ratio of 29.94 and a beta of 1.16. iShares U.S. Consumer Discretionary ETF has a 1-year low of $62.95 and a 1-year high of $82.35. The business’s fifty day simple moving average is $79.64 and its 200 day simple moving average is $76.43.

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.