iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Strong Trading Volume – Here’s What Happened

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw strong trading volume on Monday . 563,975 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 264,537 shares.The stock last traded at $89.20 and had previously closed at $91.45.

iShares U.S. Consumer Discretionary ETF Trading Up 0.1 %

The business’s 50-day simple moving average is $97.53 and its 200-day simple moving average is $93.32. The company has a market capitalization of $1.48 billion, a PE ratio of 25.54 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. grew its holdings in iShares U.S. Consumer Discretionary ETF by 7.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,101 shares of the company’s stock worth $490,000 after acquiring an additional 374 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 4.1% during the 4th quarter. Sunbelt Securities Inc. now owns 15,589 shares of the company’s stock valued at $1,509,000 after purchasing an additional 621 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at $11,565,000. Strategic Wealth Partners Ltd. acquired a new position in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter valued at $422,000. Finally, Royal Bank of Canada boosted its holdings in iShares U.S. Consumer Discretionary ETF by 17.2% during the fourth quarter. Royal Bank of Canada now owns 205,995 shares of the company’s stock worth $19,804,000 after buying an additional 30,241 shares in the last quarter.

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.