iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Up 0.2% – Time to Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDI)’s stock price were up 0.2% during trading on Tuesday . The company traded as high as $54.84 and last traded at $54.64. Approximately 2,801 shares changed hands during trading, an increase of 6% from the average session volume of 2,649 shares. The stock had previously closed at $54.51.

iShares U.S. Consumer Focused ETF Stock Up 0.2%

The company has a market capitalization of $30.05 million, a price-to-earnings ratio of 26.78 and a beta of 1.08. The stock has a fifty day moving average price of $55.51 and a two-hundred day moving average price of $56.02.

Institutional Trading of iShares U.S. Consumer Focused ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEDI. Allworth Financial LP purchased a new position in iShares U.S. Consumer Focused ETF in the 3rd quarter valued at about $25,000. Osaic Holdings Inc. raised its position in shares of iShares U.S. Consumer Focused ETF by 10.2% in the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after buying an additional 223 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Consumer Focused ETF in the second quarter valued at approximately $262,000. Citadel Advisors LLC raised its position in shares of iShares U.S. Consumer Focused ETF by 26.5% in the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock valued at $334,000 after buying an additional 1,244 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of iShares U.S. Consumer Focused ETF during the fourth quarter valued at approximately $394,000.

About iShares U.S. Consumer Focused ETF

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. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.