Royal Bank of Canada Sells 80,051 Shares of iShares U.S. Consumer Discretionary ETF $IYC

Royal Bank of Canada trimmed its position in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 29.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,841 shares of the company’s stock after selling 80,051 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Consumer Discretionary ETF were worth $18,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYC. AlphaCore Capital LLC lifted its stake in iShares U.S. Consumer Discretionary ETF by 1,653,518.2% in the fourth quarter. AlphaCore Capital LLC now owns 181,898 shares of the company’s stock worth $18,759,000 after purchasing an additional 181,887 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Consumer Discretionary ETF by 361.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 188,009 shares of the company’s stock valued at $19,389,000 after buying an additional 147,240 shares during the last quarter. Camarda Financial Advisors LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the second quarter valued at approximately $13,678,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of iShares U.S. Consumer Discretionary ETF by 12.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,058,741 shares of the company’s stock worth $102,613,000 after buying an additional 119,542 shares during the period. Finally, Advisortrust Partners LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter worth approximately $10,980,000.

iShares U.S. Consumer Discretionary ETF Stock Performance

Shares of IYC stock opened at $102.64 on Friday. The stock has a 50 day moving average price of $100.71 and a 200 day moving average price of $101.16. iShares U.S. Consumer Discretionary ETF has a 52-week low of $93.99 and a 52-week high of $107.36. The firm has a market capitalization of $1.21 billion, a P/E ratio of 26.19 and a beta of 1.13.

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.