Stonebridge Financial Planning Group LLC Cuts Position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Stonebridge Financial Planning Group LLC reduced its stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,955 shares of the company’s stock after selling 523 shares during the period. iShares U.S. Consumer Discretionary ETF makes up 1.3% of Stonebridge Financial Planning Group LLC’s investment portfolio, making the stock its 18th largest position. Stonebridge Financial Planning Group LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $2,634,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IYC. Global Trust Asset Management LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the second quarter valued at $36,000. Bray Capital Advisors increased its position in shares of iShares U.S. Consumer Discretionary ETF by 66.7% in the second quarter. Bray Capital Advisors now owns 500 shares of the company’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF during the 2nd quarter worth about $41,000. Finally, Denver PWM LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the 2nd quarter valued at about $112,000.

iShares U.S. Consumer Discretionary ETF Stock Up 0.4 %

Shares of NYSEARCA IYC traded up $0.34 during midday trading on Wednesday, hitting $94.26. The stock had a trading volume of 67,800 shares, compared to its average volume of 103,504. The company has a fifty day moving average price of $88.57 and a 200 day moving average price of $83.64. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16. iShares U.S. Consumer Discretionary ETF has a 1-year low of $70.24 and a 1-year high of $95.28.

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.