iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Strong Trading Volume

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw strong trading volume on Monday . 133,287 shares changed hands during mid-day trading, an increase of 63% from the previous session’s volume of 81,717 shares.The stock last traded at $80.83 and had previously closed at $81.28.

iShares U.S. Consumer Discretionary ETF Stock Down 0.4 %

The stock has a 50-day moving average price of $79.59 and a 200 day moving average price of $78.50. The firm has a market capitalization of $967.35 million, a price-to-earnings ratio of 29.94 and a beta of 1.16.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacifica Partners Inc. acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the 1st quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter worth approximately $26,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at $41,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at $44,000. Finally, Nemes Rush Group LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF during the 4th quarter worth $45,000.

About iShares U.S. Consumer Discretionary ETF

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.