Tyche Wealth Partners LLC Takes Position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Tyche Wealth Partners LLC bought a new stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,100 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the third quarter valued at $71,847,000. Captrust Financial Advisors increased its stake in shares of iShares U.S. Consumer Discretionary ETF by 17.0% in the third quarter. Captrust Financial Advisors now owns 158,532 shares of the company’s stock valued at $13,941,000 after buying an additional 23,006 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the third quarter worth about $13,255,000. JPMorgan Chase & Co. increased its position in iShares U.S. Consumer Discretionary ETF by 101.7% in the third quarter. JPMorgan Chase & Co. now owns 62,688 shares of the company’s stock worth $5,513,000 after purchasing an additional 31,606 shares during the period. Finally, Raymond James & Associates increased its position in iShares U.S. Consumer Discretionary ETF by 3.1% in the third quarter. Raymond James & Associates now owns 54,028 shares of the company’s stock worth $4,751,000 after purchasing an additional 1,607 shares during the period.

iShares U.S. Consumer Discretionary ETF Stock Up 0.6 %

Shares of IYC stock opened at $101.20 on Friday. The stock has a 50-day moving average price of $98.66 and a 200 day moving average price of $90.55. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16. iShares U.S. Consumer Discretionary ETF has a 12 month low of $74.38 and a 12 month high of $101.87.

iShares U.S. Consumer Discretionary ETF 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.