iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 12-Month High – What’s Next?

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.61 and last traded at $101.61, with a volume of 6305 shares traded. The stock had previously closed at $101.09.

iShares U.S. Consumer Discretionary ETF Stock Performance

The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16. The company has a fifty day simple moving average of $98.27 and a two-hundred day simple moving average of $89.95.

Institutional Investors Weigh In On iShares U.S. Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Trust Asset Management LLC boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 219.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,165 shares of the company’s stock valued at $102,000 after purchasing an additional 800 shares in the last quarter. Allworth Financial LP raised its stake in iShares U.S. Consumer Discretionary ETF by 29.4% during the 4th quarter. Allworth Financial LP now owns 1,180 shares of the company’s stock worth $117,000 after buying an additional 268 shares during the period. Advisory Alpha LLC acquired a new position in iShares U.S. Consumer Discretionary ETF during the 4th quarter worth approximately $202,000. Tyche Wealth Partners LLC acquired a new position in iShares U.S. Consumer Discretionary ETF during the 4th quarter worth approximately $202,000. Finally, Touchstone Capital Inc. acquired a new position in iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth approximately $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.