iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw an uptick in trading volume on Wednesday. 354,500 shares were traded during mid-day trading, an increase of 156% from the average daily volume of 138,511 shares. The stock last traded at $105.7150 and had previously closed at $101.99.

iShares U.S. Consumer Discretionary ETF Trading Up 4.9%

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 23.84 and a beta of 1.13. The company’s 50 day moving average price is $98.52 and its 200 day moving average price is $100.64.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

A number of hedge funds have recently added to or reduced their stakes in IYC. Allspring Global Investments Holdings LLC acquired a new position in iShares U.S. Consumer Discretionary ETF during the third quarter valued at $161,000. StoneX Group Inc. acquired a new stake in iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth about $235,000. Allen Investment Management LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF during the 3rd quarter worth about $594,000. Parallel Advisors LLC grew its stake in iShares U.S. Consumer Discretionary ETF by 39.7% during the 3rd quarter. Parallel Advisors LLC now owns 6,138 shares of the company’s stock valued at $582,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in iShares U.S. Consumer Discretionary ETF during the 3rd quarter valued at about $47,000.

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.