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

Ferguson Wellman Capital Management Inc. trimmed its stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 60,015 shares of the company’s stock after selling 760 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in iShares U.S. Consumer Discretionary ETF were worth $5,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the second quarter worth $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the second quarter worth $36,000. Bray Capital Advisors lifted its position in shares of iShares U.S. Consumer Discretionary ETF by 66.7% during the second quarter. Bray Capital Advisors now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the second quarter worth $41,000. Finally, Denver PWM LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the second quarter worth $112,000.

iShares U.S. Consumer Discretionary ETF Price Performance

Shares of NYSEARCA:IYC traded up $0.12 during midday trading on Thursday, reaching $95.05. The company had a trading volume of 2,184 shares, compared to its average volume of 104,240. The stock’s fifty day moving average price is $87.63 and its 200-day moving average price is $83.17. The stock has a market capitalization of $1.14 billion, a P/E ratio of 29.94 and a beta of 1.16. iShares U.S. Consumer Discretionary ETF has a one year low of $69.77 and a one year high of $95.20.

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.