Genesee Capital Advisors LLC Has $1.43 Million Stock Position in iShares U.S. Consumer Discretionary ETF $IYC

Genesee Capital Advisors LLC raised its stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 65.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,396 shares of the company’s stock after buying an additional 5,673 shares during the period. Genesee Capital Advisors LLC owned 0.09% of iShares U.S. Consumer Discretionary ETF worth $1,434,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SPC Financial Inc. boosted its position in iShares U.S. Consumer Discretionary ETF by 0.7% in the second quarter. SPC Financial Inc. now owns 184,343 shares of the company’s stock valued at $18,368,000 after buying an additional 1,282 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in iShares U.S. Consumer Discretionary ETF by 29.6% in the second quarter. Concurrent Investment Advisors LLC now owns 5,723 shares of the company’s stock valued at $570,000 after buying an additional 1,306 shares in the last quarter. Wealthstar Advisors LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the second quarter valued at approximately $1,915,000. Sax Wealth Advisors LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the second quarter valued at approximately $212,000. Finally, Independent Solutions Wealth Management LLC boosted its position in iShares U.S. Consumer Discretionary ETF by 9.8% in the second quarter. Independent Solutions Wealth Management LLC now owns 2,786 shares of the company’s stock valued at $278,000 after buying an additional 248 shares in the last quarter.

iShares U.S. Consumer Discretionary ETF Stock Performance

IYC stock opened at $100.79 on Monday. The company has a fifty day moving average price of $103.56 and a 200-day moving average price of $97.57. The company has a market capitalization of $1.84 billion, a P/E ratio of 26.19 and a beta of 1.13. iShares U.S. Consumer Discretionary ETF has a 52-week low of $77.66 and a 52-week 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.