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

Quantinno Capital Management LP has announced a significant increase in its investment in the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) by 35.1% during the third quarter of the year. According to recent reports, the fund now holds 6,393 shares of this ETF, having added 1,661 shares over the quarter. This boost in holdings is valued at approximately $562,000 based on the most recent market data.

In addition to Quantinno, various institutional investors and hedge funds have also adjusted their positions in the iShares U.S. Consumer Discretionary ETF. For example, The Manufacturers Life Insurance Company acquired a significant new stake during the third quarter, investing about $71,847,000. Meanwhile, Captrust Financial Advisors has raised its position by 17.0%, now owning 158,532 shares worth around $13,941,000 after buying an additional 23,006 shares. Apollon Wealth Management LLC also entered the market with a new stake estimated at $13,255,000 during the last quarter.

Furthermore, First Citizens Financial Corp slightly increased its investment by 1.5%, now having 61,709 shares valued at $5,427,000 after acquiring an additional 883 shares. Similarly, Raymond James & Associates boosted its stake by 3.1%, with total holdings of 54,028 shares, amounting to $4,751,000 as a result of purchasing 1,607 additional shares during the same period.

Current Performance of iShares U.S. Consumer Discretionary ETF

As of the latest trading session, shares of the iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) opened at $100.60. The ETF has experienced a 52-week low of $73.22 and a 52-week high of $101.50. Its market capitalization stands at approximately $1.20 billion, with a price-to-earnings (P/E) ratio of 29.94 and a beta of 1.16, indicating a relatively higher risk compared to the broader market. The ETF's 50-day moving average is noted at $92.79, while its 200-day moving average is $85.99.

Overview of iShares U.S. Consumer Discretionary ETF

The iShares U.S. Consumer Discretionary ETF focuses primarily on equity securities from the consumer discretionary sector in the United States. This exchange-traded fund tracks a market-cap-weighted index composed of companies that deliver consumer services, reflecting the performance of the consumer discretionary market segment. Launched on June 12, 2000, the ETF is managed by BlackRock, a leading global investment management firm.

Further Information

• Five stocks we like better than iShares U.S. Consumer Discretionary ETF
• Analyzing High P/E Ratio Stocks
• Potential Growth for Hershey Stock Despite Takeover Rejection
• Top Fintech Stocks to Consider
• Texas Instruments Remains a Robust Tech Choice
• Investing Opportunities in NYSE Stocks
• GRAIL: Biotech Stock Gearing Up for the Cancer Market

To keep up with other hedge funds investing in IYC, visit dedicated investment platforms for the most recent 13F filings and insider trading information related to iShares U.S. Consumer Discretionary ETF.

Previous Updates

Recent disclosures indicated that Quantinno Capital Management LP also holds a stake in Tripadvisor, Inc. (NASDAQ:TRIP) amounting to $568,000.

Upcoming Headlines

There are notable market movements as Alphabet Inc. (NASDAQ:GOOGL) shares have been sold by various financial institutions.

investment, ETF, finance