Allen Investment Management LLC Acquires New Holdings in iShares U.S. Consumer Discretionary ETF $IYC

Allen Investment Management LLC bought a new position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,263 shares of the company’s stock, valued at approximately $646,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of iShares U.S. Consumer Discretionary ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 866,633 shares of the company’s stock worth $90,823,000 after acquiring an additional 12,802 shares during the period. UBS Group AG raised its holdings in shares of iShares U.S. Consumer Discretionary ETF by 1.0% during the fourth quarter. UBS Group AG now owns 551,396 shares of the company’s stock valued at $56,865,000 after purchasing an additional 5,396 shares during the period. MML Investors Services LLC increased its position in iShares U.S. Consumer Discretionary ETF by 35.2% in the 2nd quarter. MML Investors Services LLC now owns 343,195 shares of the company’s stock valued at $34,196,000 after buying an additional 89,260 shares in the last quarter. Raymond James Financial Inc. raised its stake in iShares U.S. Consumer Discretionary ETF by 10.4% during the 2nd quarter. Raymond James Financial Inc. now owns 229,648 shares of the company’s stock worth $22,882,000 after buying an additional 21,632 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares U.S. Consumer Discretionary ETF by 361.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,009 shares of the company’s stock worth $19,389,000 after buying an additional 147,240 shares during the period.

iShares U.S. Consumer Discretionary ETF Stock Down 0.9%

Shares of IYC opened at $100.73 on Wednesday. The business’s fifty day moving average is $100.70 and its 200 day moving average is $102.05. iShares U.S. Consumer Discretionary ETF has a 12-month low of $93.99 and a 12-month high of $107.36. The stock has a market cap of $1.17 billion, a P/E ratio of 26.19 and a beta of 1.15.

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.