Global Trust Asset Management LLC Decreases Stock Holdings in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Global Trust Asset Management LLC lowered its stake in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 68.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490 shares of the company’s stock after selling 1,040 shares during the quarter. Global Trust Asset Management LLC’s holdings in iShares U.S. Consumer Discretionary ETF were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IYC. FIL Ltd bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at about $115,259,000. Hsbc Holdings PLC purchased a new stake in iShares U.S. Consumer Discretionary ETF during the fourth quarter valued at approximately $66,573,000. Wells Fargo & Company MN grew its holdings in iShares U.S. Consumer Discretionary ETF by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 284,697 shares of the company’s stock worth $27,371,000 after purchasing an additional 6,470 shares during the last quarter. MML Investors Services LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 593.4% in the fourth quarter. MML Investors Services LLC now owns 228,527 shares of the company’s stock worth $21,971,000 after purchasing an additional 195,569 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the fourth quarter worth $21,561,000.

iShares U.S. Consumer Discretionary ETF Price Performance

iShares U.S. Consumer Discretionary ETF stock opened at $95.64 on Wednesday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 26.05 and a beta of 1.21. iShares U.S. Consumer Discretionary ETF has a 1-year low of $74.38 and a 1-year high of $101.87. The business has a fifty day moving average price of $92.71 and a 200-day moving average price of $94.50.

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.