iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 1.2% – Here’s What Happened

iShares U.S. Consumer Focused ETF (BATS:IEDI)’s share price were up 1.2% during mid-day trading on Thursday . The company traded as high as $53.75 and last traded at $53.75. Approximately 5,158 shares changed hands during mid-day trading, The stock had previously closed at $53.11.

iShares U.S. Consumer Focused ETF Trading Up 1.2 %

The firm has a market cap of $29.56 million, a P/E ratio of 29.06 and a beta of 0.96. The stock’s fifty day moving average is $52.13 and its two-hundred day moving average is $49.70.

Institutional Investors Weigh In On iShares U.S. Consumer Focused ETF

A hedge fund recently bought a new stake in iShares U.S. Consumer Focused ETF stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,944 shares of the company’s stock, valued at approximately $240,000. B. Riley Wealth Advisors Inc. owned about 0.90% of iShares U.S. Consumer Focused ETF at the end of the most recent quarter.

iShares U.S. Consumer Focused ETF Company Profile

The iShares Evolved U.S. Discretionary Spending ETF (IEDI) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Discretionary index. The fund is an actively managed fund of US stocks in the discretionary spending sector according to an alternative classification system defined by machine learning algorithms.