iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Strong Trading Volume – Here’s Why

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw unusually-strong trading volume on Monday . Approximately 563,975 shares traded hands during trading, an increase of 113% from the previous session’s volume of 264,537 shares.The stock last traded at $89.20 and had previously closed at $91.45.

iShares U.S. Consumer Discretionary ETF Stock Down 3.2 %

The company’s fifty day moving average price is $97.87 and its two-hundred day moving average price is $93.26. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 25.54 and a beta of 1.21.

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

A number of large investors have recently modified their holdings of IYC. FIL Ltd bought a new position in iShares U.S. Consumer Discretionary ETF in the fourth quarter valued at about $115,259,000. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Consumer Discretionary ETF during the 3rd quarter valued at about $71,847,000. Hsbc Holdings PLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at about $66,573,000. Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter worth approximately $21,561,000. Finally, MML Investors Services LLC raised its stake in shares of iShares U.S. Consumer Discretionary ETF by 593.4% during the fourth quarter. MML Investors Services LLC now owns 228,527 shares of the company’s stock worth $21,971,000 after buying an additional 195,569 shares during the last quarter.

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.