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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw strong trading volume on Thursday . 156,144 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 113,655 shares.The stock last traded at $99.54 and had previously closed at $99.63.

iShares U.S. Consumer Discretionary ETF Trading Down 1.4 %

The business’s fifty day simple moving average is $94.89 and its 200-day simple moving average is $87.17. The firm has a market cap of $1.17 billion, a P/E ratio of 29.94 and a beta of 1.16.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 2nd quarter valued at about $36,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the second quarter valued at approximately $41,000. Bray Capital Advisors lifted its position in iShares U.S. Consumer Discretionary ETF by 66.7% during the second quarter. Bray Capital Advisors now owns 500 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Global Trust Asset Management LLC grew its stake in iShares U.S. Consumer Discretionary ETF by 219.2% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,165 shares of the company’s stock worth $102,000 after buying an additional 800 shares in the last quarter. Finally, Denver PWM LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the 2nd quarter worth $112,000.

About iShares U.S. Consumer Discretionary ETF

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.