iShares U.S. Consumer Focused ETF (BATS:IEDI) Trading Down 0.2% – Time to Sell?

Shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) fell 0.2% during trading on Tuesday . The company traded as low as $56.17 and last traded at $56.23. 1,036 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 2,055 shares. The stock had previously closed at $56.33.

iShares U.S. Consumer Focused ETF Stock Performance

The stock’s 50 day simple moving average is $57.43 and its 200-day simple moving average is $56.24. The firm has a market cap of $30.19 million, a price-to-earnings ratio of 26.78 and a beta of 1.08.

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

Several hedge funds have recently made changes to their positions in IEDI. Allworth Financial LP acquired a new stake in iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $25,000. Osaic Holdings Inc. increased its holdings 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 purchasing an additional 223 shares during the period. Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of iShares U.S. Consumer Focused ETF in the third quarter valued at about $231,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of iShares U.S. Consumer Focused ETF in the second quarter worth about $262,000. Finally, Ironwood Wealth Management LLC. raised its stake in shares of iShares U.S. Consumer Focused ETF by 19.4% in the third quarter. Ironwood Wealth Management LLC. now owns 5,761 shares of the company’s stock worth $324,000 after purchasing an additional 936 shares during the last quarter.

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.