iShares U.S. Consumer Focused ETF (BATS:IEDI) Trading 1.9% Higher – Should You Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDI) shares traded up 1.9% during trading on Tuesday . The company traded as high as $54.09 and last traded at $54.09. 2,782 shares changed hands during trading, an increase of 19% from the average session volume of 2,332 shares. The stock had previously closed at $53.06.

iShares U.S. Consumer Focused ETF Price Performance

The company’s 50 day moving average is $56.44 and its two-hundred day moving average is $55.91. The firm has a market cap of $29.82 million, a P/E ratio of 26.78 and a beta of 1.08.

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

Several large investors have recently added to or reduced their stakes in IEDI. Osaic Holdings Inc. increased its holdings in iShares U.S. Consumer Focused ETF by 10.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after buying an additional 223 shares during the period. Allworth Financial LP bought a new position in shares of iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $25,000. Ironwood Wealth Management LLC. lifted its holdings in shares of iShares U.S. Consumer Focused ETF by 19.4% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 5,761 shares of the company’s stock worth $324,000 after acquiring an additional 936 shares during the period. Citadel Advisors LLC boosted its position in shares of iShares U.S. Consumer Focused ETF by 26.5% during the 3rd quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock valued at $334,000 after acquiring an additional 1,244 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. acquired a new stake in shares of iShares U.S. Consumer Focused ETF during the 3rd quarter valued at about $231,000.

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. 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.