Sherman Porfolios LLC Decreases Stake in iShares U.S. Consumer Discretionary ETF $IYC

Sherman Porfolios LLC lessened its holdings in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 99.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,241 shares of the company’s stock after selling 236,783 shares during the period. Sherman Porfolios LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IYC. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth $31,000. Davis Capital Management purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at about $36,000. Founders Financial Alliance LLC increased its holdings in shares of 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 in the third quarter valued at about $102,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the third quarter valued at about $104,000.

iShares U.S. Consumer Discretionary ETF Trading Down 2.0%

IYC stock opened at $97.63 on Thursday. The company’s 50-day moving average price is $102.93 and its 200 day moving average price is $103.23. iShares U.S. Consumer Discretionary ETF has a 52 week low of $77.66 and a 52 week high of $107.36. The company has a market cap of $1.37 billion, a P/E ratio of 26.19 and a beta of 1.20.

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.