Ferguson Wellman Capital Management Inc. Trims Stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Ferguson Wellman Capital Management Inc. reduced its position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,605 shares of the company’s stock after selling 6,900 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.64% of iShares U.S. Consumer Discretionary ETF worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Great Lakes Advisors LLC boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 1.4% in the first quarter. Great Lakes Advisors LLC now owns 14,036 shares of the company’s stock worth $908,000 after purchasing an additional 188 shares during the period. DAVENPORT & Co LLC boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 2.1% during the first quarter. DAVENPORT & Co LLC now owns 10,980 shares of the company’s stock worth $710,000 after acquiring an additional 228 shares during the last quarter. Samalin Investment Counsel LLC boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 5.4% during the first quarter. Samalin Investment Counsel LLC now owns 4,456 shares of the company’s stock worth $288,000 after acquiring an additional 229 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 3.2% during the first quarter. Rockefeller Capital Management L.P. now owns 8,581 shares of the company’s stock worth $555,000 after acquiring an additional 270 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 5.4% during the second quarter. First Republic Investment Management Inc. now owns 6,075 shares of the company’s stock worth $345,000 after acquiring an additional 310 shares during the last quarter.

iShares U.S. Consumer Discretionary ETF Stock Performance

IYC stock traded down $1.02 during trading on Friday, hitting $70.51. 138,809 shares of the company’s stock traded hands, compared to its average volume of 83,280. iShares U.S. Consumer Discretionary ETF has a 52 week low of $55.63 and a 52 week high of $73.97. The business has a fifty day simple moving average of $71.13 and a 200 day simple moving average of $67.17. The stock has a market capitalization of $853.17 million, a price-to-earnings ratio of 19.51 and a beta of 1.13.

About iShares U.S. Consumer Discretionary ETF

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.