Patten & Patten Inc. TN Lowers Holdings in iShares U.S. Consumer Discretionary ETF $IYC

Patten & Patten Inc. TN decreased its holdings in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,732 shares of the company’s stock after selling 130 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares U.S. Consumer Discretionary ETF were worth $770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IYC. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in iShares U.S. Consumer Discretionary ETF in the 1st quarter valued at about $116,274,000. Foundations Investment Advisors LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 2,406.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 189,649 shares of the company’s stock valued at $16,751,000 after buying an additional 182,082 shares during the period. MinichMacGregor Wealth Management LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the 1st quarter valued at about $15,080,000. PGIM Custom Harvest LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 16.9% in the 1st quarter. PGIM Custom Harvest LLC now owns 974,216 shares of the company’s stock valued at $86,048,000 after buying an additional 140,794 shares during the period. Finally, Summit Financial Consulting LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the 1st quarter valued at about $5,329,000.

iShares U.S. Consumer Discretionary ETF Price Performance

IYC opened at $102.19 on Friday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 26.19 and a beta of 1.13. The business has a 50-day moving average of $103.79 and a two-hundred day moving average of $97.85. iShares U.S. Consumer Discretionary ETF has a 12 month low of $77.66 and a 12 month high of $106.42.

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.