iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Down 2.6% – Here’s What Happened

iShares U.S. Consumer Focused ETF (BATS:IEDIGet Free Report)’s share price traded down 2.6% during trading on Thursday . The stock traded as low as $53.2434 and last traded at $52.3560. 4,599 shares traded hands during trading, a decline of 8% from the average session volume of 4,995 shares. The stock had previously closed at $53.7808.

iShares U.S. Consumer Focused ETF Price Performance

The firm has a fifty day moving average of $55.22 and a two-hundred day moving average of $55.12. The stock has a market capitalization of $29.45 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

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its position in iShares U.S. Consumer Focused ETF by 10.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after acquiring an additional 223 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. bought a new stake in shares of iShares U.S. Consumer Focused ETF in the 3rd quarter valued at about $231,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares U.S. Consumer Focused ETF in the 2nd quarter valued at about $262,000. Ironwood Wealth Management LLC. raised its stake 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 in the last quarter. Finally, Citadel Advisors LLC lifted its position in iShares U.S. Consumer Focused ETF by 26.5% during the third 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 during the last quarter.

About iShares U.S. Consumer Focused ETF

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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.

Further Reading

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