iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 52-Week High – Should You Buy?

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.20 and last traded at $89.20, with a volume of 6973 shares trading hands. The stock had previously closed at $88.03.

iShares U.S. Consumer Discretionary ETF Price Performance

The stock has a market capitalization of $1.11 billion, a P/E ratio of 29.94 and a beta of 1.16. The company’s 50 day simple moving average is $86.53 and its two-hundred day simple moving average is $82.60.

Hedge Funds Weigh In On iShares U.S. Consumer Discretionary ETF

Several institutional investors have recently bought and sold shares of IYC. Westfuller Advisors LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the third quarter valued at $226,000. Essential Planning LLC. acquired a new stake in iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at about $211,000. Thrivent Financial for Lutherans lifted its position in shares of iShares U.S. Consumer Discretionary ETF by 68.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,399 shares of the company’s stock worth $563,000 after purchasing an additional 2,606 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF during the third quarter valued at approximately $719,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the third quarter valued at approximately $13,255,000.

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.