iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Trading at $95.36

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s stock price shot up 0% during mid-day trading on Tuesday. The company traded as high as $95.59 and last traded at $95.36. 68,675 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 137,144 shares. The stock had previously closed at $95.32.

iShares U.S. Consumer Discretionary ETF Trading Up 0.0%

The stock has a market capitalization of $1.18 billion, a P/E ratio of 26.19 and a beta of 1.13. The company has a 50-day moving average price of $100.04 and a 200 day moving average price of $100.40.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WealthCare Asset Management LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the fourth quarter worth $1,895,000. Allen Investment Management LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter valued at $646,000. Ibex Wealth Advisors acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 1st quarter worth $730,000. S&A Financial Services Inc. acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 1st quarter worth $3,443,000. Finally, Tudor Financial Inc. acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth $692,000.

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.