Raymond James Financial Inc. Makes New Investment in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Raymond James Financial Inc. purchased a new stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 224,269 shares of the company’s stock, valued at approximately $21,561,000.

Several other hedge funds also recently made changes to their positions in IYC. Private Trust Co. NA lifted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 31.5% during the fourth quarter. Private Trust Co. NA now owns 434 shares of the company’s stock valued at $42,000 after purchasing an additional 104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in iShares U.S. Consumer Discretionary ETF by 4.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,640 shares of the company’s stock valued at $254,000 after buying an additional 120 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 2.6% in the fourth quarter. Blair William & Co. IL now owns 5,584 shares of the company’s stock worth $537,000 after buying an additional 140 shares during the period. Thrivent Financial for Lutherans increased its position in shares of iShares U.S. Consumer Discretionary ETF by 3.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,614 shares of the company’s stock worth $631,000 after acquiring an additional 215 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of iShares U.S. Consumer Discretionary ETF by 29.4% in the 4th quarter. Allworth Financial LP now owns 1,180 shares of the company’s stock valued at $117,000 after acquiring an additional 268 shares in the last quarter.

iShares U.S. Consumer Discretionary ETF Stock Performance

NYSEARCA IYC opened at $84.51 on Friday. The firm’s 50 day moving average price is $90.33 and its two-hundred day moving average price is $93.51. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 24.35 and a beta of 1.22. iShares U.S. Consumer Discretionary ETF has a twelve month low of $74.38 and a twelve month high of $101.87.

iShares U.S. Consumer Discretionary ETF Company 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.