iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 0.4% – Here’s What Happened

iShares U.S. Consumer Focused ETF (BATS:IEDI) shares were up 0.4% during trading on Tuesday . The company traded as high as $56.91 and last traded at $56.82. 10,473 shares were traded during trading, an increase of 300% from the average session volume of 2,618 shares. The stock had previously closed at $56.60.

iShares U.S. Consumer Focused ETF Price Performance

The stock has a fifty day moving average of $55.04 and a 200 day moving average of $55.81. The firm has a market capitalization of $31.31 million, a P/E ratio of 26.78 and a beta of 1.08.

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

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP purchased a new position in shares of iShares U.S. Consumer Focused ETF in the 3rd quarter worth about $25,000. Osaic Holdings Inc. increased its holdings in iShares U.S. Consumer Focused ETF by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock worth $132,000 after buying an additional 223 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in iShares U.S. Consumer Focused ETF in the second quarter worth about $262,000. Citadel Advisors LLC raised its position in 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 worth $334,000 after acquiring an additional 1,244 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new stake in iShares U.S. Consumer Focused ETF in the fourth quarter worth about $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.