Quantinno Capital Management LP Increases Investment in iShares U.S. Consumer Discretionary ETF

Quantinno Capital Management LP has decided to increase its investment in the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 35.1% during the third quarter, according to recent reports. After this increase, the investment firm now holds 6,393 shares of this ETF, having added 1,661 shares during the quarter. By the end of the latest reporting period, Quantinno Capital Management LP's total holdings in the iShares U.S. Consumer Discretionary ETF were valued at approximately $562,000.

In addition to Quantinno, several other institutional investors and hedge funds have made adjustments to their positions in the ETF. For instance, The Manufacturers Life Insurance Company established a new stake valued at around $71,847,000 during the third quarter. Captrust Financial Advisors also raised its shareholding by 17.0%, resulting in a total of 158,532 shares valued at about $13,941,000 after acquiring 23,006 additional shares in the last quarter. Furthermore, Apollon Wealth Management LLC entered the market by purchasing a new stake worth approximately $13,255,000.

First Citizens Financial Corp increased its holdings in the iShares U.S. Consumer Discretionary ETF by 1.5%, leading them to own 61,709 shares valued at $5,427,000 following the acquisition of an additional 883 shares. Additionally, Raymond James & Associates expanded their position by 3.1%, now holding 54,028 shares worth $4,751,000 after purchasing 1,607 more shares in the period.

Market Performance of iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF saw its shares open at $100.60. Over the past year, the ETF has seen a low of $73.22 and a high of $101.50. Currently, it has a market capitalization of $1.20 billion, a P/E ratio of 29.94, and a beta of 1.16. The 50-day moving average stands at $92.79, while the 200-day moving average is $85.99.

About iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF (IYC) is an exchange-traded fund that primarily invests in consumer discretionary stocks. It aims to track a market-cap-weighted index of U.S. companies that provide consumer services. The fund was launched on June 12, 2000, and is managed by BlackRock.

Further Insights

• Investors may want to consider other investment options in addition to iShares U.S. Consumer Discretionary ETF.
• The ETF sector remains dynamic, with various investment strategies emerging.
• It's essential to analyze high P/E ratio stocks for potential investment opportunities.
• Current trends in fintech indicate growing options for investors.
• The technology sector continues to attract attention due to its innovation and growth potential.

For those interested in tracking the institutional holdings in the iShares U.S. Consumer Discretionary ETF, it is advisable to check the latest filings and trades.

Investment, ETFs, Financial