Quantinno Capital Management LP Increases Investment in iShares U.S. Consumer Discretionary ETF

During the third quarter, Quantinno Capital Management LP increased its investment in the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC – Free Report) by 35.1%. According to reports from Holdings Channel.com, the firm now owns 6,393 shares of this ETF after acquiring an additional 1,661 shares in the quarter. By the end of this reporting period, the total value of Quantinno Capital Management LP's holdings in the ETF was approximately $562,000.

In addition to Quantinno, several other institutional investors and hedge funds have adjusted their positions in the iShares U.S. Consumer Discretionary ETF. For instance, The Manufacturers Life Insurance Company bought a new stake in the ETF worth around $71,847,000 during the third quarter. Meanwhile, Captrust Financial Advisors raised its investment by 17.0%, currently holding 158,532 shares valued at $13,941,000 after purchasing an additional 23,006 shares recently. Apollon Wealth Management LLC also entered a new position, estimated at around $13,255,000. First Citizens Financial Corp upped its stake by 1.5%, acquiring another 883 shares to reach a total of 61,709 shares valued at $5,427,000. Furthermore, Raymond James & Associates increased their holdings by 3.1%, now possessing 54,028 shares worth $4,751,000 after buying an additional 1,607 shares in the same period.

Trading Activity of iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF saw its shares trading slightly down by 0.1% recently. The stock opened at $100.60. Over the past 52 weeks, the ETF has experienced a low of $73.22 and a high of $101.50. It has a market capitalization of $1.20 billion, a price-to-earnings (PE) ratio of 29.94, and a beta of 1.16, which indicates its volatility relative to the market. The ETF's 50-day moving average stands at $92.79, while its 200-day moving average is $85.99.

Information about iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF (IYC) is an exchange-traded fund primarily focusing on consumer discretionary stocks. This fund aims to replicate a market-cap-weighted index representing U.S. companies engaged in providing consumer services. It was launched on June 12, 2000, and is managed by BlackRock.

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