Sherman Porfolios LLC Trims Stock Holdings in iShares U.S. Consumer Discretionary ETF $IYC

Sherman Porfolios LLC lowered its stake in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 99.1% during the third quarter, Holdings Channel reports. The fund owned 2,241 shares of the company’s stock after selling 236,783 shares during the quarter. Sherman Porfolios LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new stake in iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth about $31,000. Davis Capital Management purchased a new position in iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at about $36,000. Founders Financial Alliance LLC lifted its holdings in iShares U.S. Consumer Discretionary ETF by 250.6% in the 3rd quarter. Founders Financial Alliance LLC now owns 554 shares of the company’s stock valued at $58,000 after purchasing an additional 396 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth about $102,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth about $104,000.

iShares U.S. Consumer Discretionary ETF Price Performance

Shares of NYSEARCA IYC opened at $97.63 on Thursday. The company has a 50-day simple moving average of $102.93 and a 200-day simple moving average of $103.23. The company has a market cap of $1.37 billion, a PE ratio of 26.19 and a beta of 1.20. iShares U.S. Consumer Discretionary ETF has a 12 month low of $77.66 and a 12 month 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.