Brookstone Capital Management Raises Holdings in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Brookstone Capital Management boosted its stake in shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 63.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,278 shares of the company’s stock after buying an additional 25,824 shares during the period. Brookstone Capital Management owned 0.53% of iShares U.S. Consumer Discretionary ETF worth $5,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of IYC. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth $63,751,000. 1832 Asset Management L.P. lifted its position in shares of iShares U.S. Consumer Discretionary ETF by 12,554.3% during the fourth quarter. 1832 Asset Management L.P. now owns 190,700 shares of the company’s stock valued at $14,449,000 after buying an additional 189,193 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth approximately $4,883,000. International Assets Investment Management LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter worth approximately $4,823,000. Finally, Connectus Wealth LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF during the fourth quarter valued at approximately $4,513,000.

iShares U.S. Consumer Discretionary ETF Trading Up 0.9 %

NYSEARCA IYC opened at $81.64 on Thursday. The firm’s fifty day simple moving average is $79.39 and its two-hundred day simple moving average is $78.36. The firm has a market capitalization of $975.60 million, a P/E ratio of 29.94 and a beta of 1.16. iShares U.S. Consumer Discretionary ETF has a 12-month low of $62.95 and a 12-month high of $82.35.

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.