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

Quantinno Capital Management LP has increased its investment in the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by a notable 35.1% during the third quarter, according to recent reports. After acquiring an additional 1,661 shares, the fund now holds a total of 6,393 shares of the ETF. The value of Quantinno's holdings in the iShares U.S. Consumer Discretionary ETF stands at approximately $562,000 at the close of the most recent reporting period.

Additionally, several other institutional investors and hedge funds have made changes to their positions in the ETF. The Manufacturers Life Insurance Company notably entered the iShares U.S. Consumer Discretionary ETF market, purchasing a new stake valued at around $71.8 million in the third quarter. Meanwhile, Captrust Financial Advisors increased its stake by 17.0%, acquiring an extra 23,006 shares, leading to a total of 158,532 shares valued at approximately $13.9 million.

Furthermore, Apollon Wealth Management LLC made a new investment in the ETF valued at about $13.3 million. First Citizens Financial Corp raised its holdings by 1.5%, now possessing 61,709 shares worth $5.4 million following the purchase of an additional 883 shares. Raymond James & Associates also boosted their investment by 3.1%, owning 54,028 shares valued at $4.8 million after purchasing an extra 1,607 shares.

Recent Performance of iShares U.S. Consumer Discretionary ETF

On the trading front, shares of the iShares U.S. Consumer Discretionary ETF opened at $100.60 on the latest trading day, reflecting a slight decline of 0.1%. Over the past 52 weeks, the ETF has reached a low of $73.22 and a high of $101.50. With a market capitalization of $1.20 billion, the ETF has a price-to-earnings ratio of 29.94 and a beta of 1.16. The current 50-day moving average is $92.79, while the 200-day moving average sits 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 equities within the consumer discretionary sector. It aims to track a market-capitalization weighted index comprising U.S. companies that provide consumer services. Launched on June 12, 2000, it is managed by BlackRock.

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ETF, Investment, Finance