iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Up 1.9% – Still a Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDI) shares rose 1.9% during mid-day trading on Tuesday . The company traded as high as $54.09 and last traded at $54.09. Approximately 2,782 shares traded hands during trading, an increase of 19% from the average daily volume of 2,332 shares. The stock had previously closed at $53.06.

iShares U.S. Consumer Focused ETF Price Performance

The stock has a market cap of $29.75 million, a PE ratio of 26.78 and a beta of 1.08. The business has a fifty day moving average of $56.52 and a 200-day moving average of $55.92.

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

A number of hedge funds and other institutional investors have recently modified their holdings of IEDI. Allworth Financial LP purchased a new position in iShares U.S. Consumer Focused ETF during the third quarter valued at approximately $25,000. Osaic Holdings Inc. lifted its position in iShares U.S. Consumer Focused ETF by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after acquiring an additional 223 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. purchased a new stake in iShares U.S. Consumer Focused ETF during the third quarter valued at approximately $231,000. B. Riley Wealth Advisors Inc. acquired a new stake in iShares U.S. Consumer Focused ETF in the second quarter valued at approximately $262,000. Finally, Ironwood Wealth Management LLC. increased its position in 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 valued at $324,000 after buying an additional 936 shares in the last quarter.

iShares U.S. Consumer Focused ETF Company Profile

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. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.