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

Quantinno Capital Management LP has raised its investment in the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 35.1% in the third quarter of the year, as reported by Holdings Channel.com. Following this increase, the fund now owns 6,393 shares after adding 1,661 new shares during this period.

At the close of the most recent reporting cycle, Quantinno Capital Management LP’s total holdings in the iShares U.S. Consumer Discretionary ETF were valued at approximately $562,000.

In addition to Quantinno, several institutional investors and hedge funds have modified their investment positions in the ETF. For instance, The Manufacturers Life Insurance Company has acquired a new stake in the iShares U.S. Consumer Discretionary ETF worth about $71,847,000 in the third quarter. Meanwhile, Captrust Financial Advisors has increased its position in the ETF by 17.0%, now owning 158,532 shares valued at $13,941,000 after purchasing 23,006 additional shares.

Furthermore, Apollon Wealth Management LLC also obtained a new stake in the ETF valued at roughly $13,255,000 during the same quarter. First Citizens Financial Corp has raised its stake by only 1.5%, owning now 61,709 shares worth $5,427,000 after acquiring 883 more shares in the quarter. Lastly, Raymond James & Associates increased their holdings in the ETF by 3.1%, bringing their total to 54,028 shares valued at $4,751,000 post their purchase of 1,607 additional shares.

Market Overview for iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF opened at $100.60 on Friday. The ETF has seen a 52-week low of $73.22 and a high of $101.50. With a market capitalization of $1.20 billion, the fund holds a PE ratio of 29.94 and a beta of 1.16. The fifty-day moving average for the ETF stands at $92.79, while its two-hundred-day moving average is at $85.99.

About iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF (IYC) is an exchange-traded fund that primarily invests in equity from the consumer discretionary sector. It aims to track a market-cap-weighted index of U.S. companies that provide consumer services. Launched on June 12, 2000, the fund is managed by BlackRock.

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