iShares U.S. Consumer Focused ETF (BATS:IEDI) Trading 0.5% Higher

iShares U.S. Consumer Focused ETF (BATS:IEDI)’s stock price traded up 0.5% on Tuesday . The company traded as high as $49.52 and last traded at $49.52. 864 shares traded hands during trading, The stock had previously closed at $49.26.

iShares U.S. Consumer Focused ETF Price Performance

The firm’s 50 day moving average price is $48.77 and its two-hundred day moving average price is $48.32. The stock has a market cap of $27.71 million, a PE ratio of 29.06 and a beta of 0.96.

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

An institutional investor recently bought a new position in iShares U.S. Consumer Focused ETF stock. B. Riley Wealth Advisors Inc. bought a new position in iShares U.S. Consumer Focused ETF (BATS:IEDI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,944 shares of the company’s stock, valued at approximately $240,000. B. Riley Wealth Advisors Inc. owned about 0.90% of iShares U.S. Consumer Focused ETF as of its most recent SEC filing.

iShares U.S. Consumer Focused ETF Company Profile

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.