iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Reaches New 1-Year High at $82.47

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $82.47 and last traded at $82.39, with a volume of 3065 shares changing hands. The stock had previously closed at $82.12.

iShares U.S. Consumer Discretionary ETF Stock Performance

The stock has a market cap of $987.19 million, a price-to-earnings ratio of 29.94 and a beta of 1.16. The company’s 50 day simple moving average is $79.77 and its 200 day simple moving average is $78.59.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter valued at about $26,000. Pacifica Partners Inc. bought a new stake in iShares U.S. Consumer Discretionary ETF during the first quarter worth approximately $27,000. Ables Iannone Moore & Associates Inc. acquired a new position in iShares U.S. Consumer Discretionary ETF in the fourth quarter worth approximately $41,000. Atlantic Edge Private Wealth Management LLC acquired a new position in iShares U.S. Consumer Discretionary ETF in the fourth quarter worth approximately $44,000. Finally, Nemes Rush Group LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the fourth quarter valued at $45,000.

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.