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

Quantinno Capital Management LP has increased its stake in the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC – Free Report) by 35.1% during the third quarter of the year, as reported by Holdings Channel.com. After acquiring an additional 1,661 shares, the fund's total holdings in this ETF rose to 6,393 shares. By the end of the latest reporting period, the value of Quantinno's investment in the iShares U.S. Consumer Discretionary ETF was approximately $562,000.

In addition to Quantinno, several other institutional investors and hedge funds have also adjusted their positions in the iShares U.S. Consumer Discretionary ETF. For instance, The Manufacturers Life Insurance Company purchased a new stake worth about $71.8 million in the ETF during the third quarter. Meanwhile, Captrust Financial Advisors increased their holdings by 17.0%, resulting in a total of 158,532 shares valued at roughly $13.9 million after acquiring an additional 23,006 shares in the last quarter.

Other notable changes include Apollon Wealth Management LLC, which acquired a new stake approximately valued at $13.3 million during the third quarter. Additionally, First Citizens Financial Corp increased its stake in the ETF by 1.5% and now holds 61,709 shares worth around $5.4 million after adding 883 shares this quarter. Lastly, Raymond James & Associates also enhanced their investment in iShares U.S. Consumer Discretionary ETF by 3.1%, ending up with 54,028 shares valued at about $4.8 million.

Performance of iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF's shares opened at $100.60 recently. Over the past year, the ETF has experienced a low of $73.22 and a high of $101.50. It holds a market capitalization of about $1.2 billion with a price-to-earnings (PE) ratio of 29.94 and a beta of 1.16, indicating its volatility relative to the market. Its 50-day moving average stands at $92.79, while the 200-day moving average is $85.99.

About iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF (IYC) is an investment fund that primarily focuses on consumer discretionary stocks. It tracks a market-capitalization-weighted index comprising U.S. companies that provide consumer services. Launched on June 12, 2000, the ETF is managed by BlackRock.

investment, ETF, shares