Chesapeake Wealth Management Sells 788 Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)

Chesapeake Wealth Management trimmed its stake in iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,182 shares of the company’s stock after selling 788 shares during the quarter. Chesapeake Wealth Management’s holdings in iShares U.S. Consumer Discretionary ETF were worth $340,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in iShares U.S. Consumer Discretionary ETF by 2.5% during the 2nd quarter. CWM LLC now owns 6,683 shares of the company’s stock valued at $543,000 after acquiring an additional 160 shares during the period. Laidlaw Wealth Management LLC raised its stake in iShares U.S. Consumer Discretionary ETF by 2.3% during the second quarter. Laidlaw Wealth Management LLC now owns 7,341 shares of the company’s stock valued at $597,000 after buying an additional 168 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of iShares U.S. Consumer Discretionary ETF by 4.2% in the 4th quarter. EP Wealth Advisors LLC now owns 4,568 shares of the company’s stock worth $346,000 after purchasing an additional 185 shares during the last quarter. Bray Capital Advisors lifted its stake in shares of iShares U.S. Consumer Discretionary ETF by 66.7% in the second quarter. Bray Capital Advisors now owns 500 shares of the company’s stock worth $41,000 after buying an additional 200 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 2.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 9,427 shares of the company’s stock worth $766,000 after purchasing an additional 201 shares in the last quarter.

iShares U.S. Consumer Discretionary ETF Price Performance

IYC stock opened at $86.70 on Friday. iShares U.S. Consumer Discretionary ETF has a 1 year low of $62.95 and a 1 year high of $87.18. The stock’s fifty day moving average price is $82.11 and its 200-day moving average price is $80.82. The company has a market cap of $1.04 billion, a P/E ratio of 29.94 and a beta of 1.16.

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.