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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw an uptick in trading volume on Thursday . 213,437 shares traded hands during trading, an increase of 82% from the previous session’s volume of 117,237 shares.The stock last traded at $96.21 and had previously closed at $96.14.

iShares U.S. Consumer Discretionary ETF Stock Performance

The company has a fifty day moving average price of $95.93 and a 200-day moving average price of $87.85. The firm has a market capitalization of $1.16 billion, a PE ratio of 29.94 and a beta of 1.16.

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

Several hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the second quarter valued at approximately $36,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the second quarter worth $41,000. Global Trust Asset Management LLC lifted its position in shares of iShares U.S. Consumer Discretionary ETF by 219.2% during the third quarter. Global Trust Asset Management LLC now owns 1,165 shares of the company’s stock worth $102,000 after purchasing an additional 800 shares during the last quarter. Denver PWM LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF during the second quarter worth $112,000. Finally, Touchstone Capital Inc. purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the third quarter valued at $204,000.

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.