Brookstone Capital Management Sells 2,121 Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Brookstone Capital Management lessened its holdings in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,479 shares of the company’s stock after selling 2,121 shares during the period. Brookstone Capital Management owned 0.51% of iShares U.S. Consumer Discretionary ETF worth $5,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYC. Chicago Partners Investment Group LLC bought a new position in iShares U.S. Consumer Discretionary ETF during the 4th quarter valued at approximately $223,000. EP Wealth Advisors LLC increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 4.2% during the fourth quarter. EP Wealth Advisors LLC now owns 4,568 shares of the company’s stock valued at $346,000 after acquiring an additional 185 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth about $41,000. Cooksen Wealth LLC bought a new position in iShares U.S. Consumer Discretionary ETF in the 4th quarter worth about $26,000. Finally, PNC Financial Services Group Inc. grew its position in iShares U.S. Consumer Discretionary ETF by 10.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,079 shares of the company’s stock valued at $309,000 after purchasing an additional 380 shares during the last quarter.

iShares U.S. Consumer Discretionary ETF Stock Performance

NYSEARCA:IYC opened at $87.17 on Friday. The firm has a 50-day simple moving average of $83.61 and a two-hundred day simple moving average of $81.49. The firm has a market cap of $1.04 billion, a P/E ratio of 29.94 and a beta of 1.16. iShares U.S. Consumer Discretionary ETF has a fifty-two week low of $62.95 and a fifty-two week high of $88.74.

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.