Brookstone Capital Management Decreases Stock Holdings in iShares U.S. Consumer Discretionary ETF $IYC

Brookstone Capital Management decreased its position in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 33.6% during the second quarter, Holdings Channel.com reports. The fund owned 3,919 shares of the company’s stock after selling 1,987 shares during the quarter. Brookstone Capital Management’s holdings in iShares U.S. Consumer Discretionary ETF were worth $390,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Focus Financial Network Inc. increased its position in shares of iShares U.S. Consumer Discretionary ETF by 4.6% in the second quarter. Focus Financial Network Inc. now owns 2,942 shares of the company’s stock valued at $293,000 after acquiring an additional 130 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the second quarter valued at about $68,000. Envestnet Asset Management Inc. increased its position in shares of iShares U.S. Consumer Discretionary ETF by 13.4% in the first quarter. Envestnet Asset Management Inc. now owns 38,555 shares of the company’s stock valued at $3,405,000 after acquiring an additional 4,543 shares during the period. LPL Financial LLC increased its position in shares of iShares U.S. Consumer Discretionary ETF by 10.2% in the first quarter. LPL Financial LLC now owns 185,145 shares of the company’s stock valued at $16,353,000 after acquiring an additional 17,204 shares during the period. Finally, IFP Advisors Inc increased its position in shares of iShares U.S. Consumer Discretionary ETF by 5.6% in the first quarter. IFP Advisors Inc now owns 2,198 shares of the company’s stock valued at $194,000 after acquiring an additional 116 shares during the period.

iShares U.S. Consumer Discretionary ETF Trading Up 0.8%

Shares of IYC opened at $104.44 on Tuesday. The firm’s 50-day moving average price is $104.04 and its 200-day moving average price is $98.99. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 26.19 and a beta of 1.20. iShares U.S. Consumer Discretionary ETF has a 1-year low of $77.66 and a 1-year high of $106.42.

iShares U.S. Consumer Discretionary ETF 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.