iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw strong trading volume on Friday . 248,179 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 213,751 shares.The stock last traded at $100.53 and had previously closed at $102.37.

iShares U.S. Consumer Discretionary ETF Stock Performance

The stock’s 50 day moving average price is $103.71 and its 200 day moving average price is $103.47. The company has a market capitalization of $1.41 billion, a P/E ratio of 26.19 and a beta of 1.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC raised its position in shares of iShares U.S. Consumer Discretionary ETF by 218.6% during the third quarter. CoreCap Advisors LLC now owns 18,615 shares of the company’s stock worth $1,951,000 after purchasing an additional 12,772 shares during the period. AE Wealth Management LLC grew its position in iShares U.S. Consumer Discretionary ETF by 32.4% in the 2nd quarter. AE Wealth Management LLC now owns 49,247 shares of the company’s stock valued at $4,907,000 after purchasing an additional 12,054 shares during the period. Astoria Portfolio Advisors LLC. bought a new stake in iShares U.S. Consumer Discretionary ETF during the 3rd quarter valued at $635,000. Centaurus Financial Inc. raised its holdings in iShares U.S. Consumer Discretionary ETF by 127.3% during the second quarter. Centaurus Financial Inc. now owns 8,705 shares of the company’s stock worth $867,000 after buying an additional 4,876 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new position in iShares U.S. Consumer Discretionary ETF during the second quarter worth $223,000.

iShares U.S. Consumer Discretionary ETF Company Profile

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.