iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Large Volume Increase

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw an uptick in trading volume on Monday . 133,287 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 81,717 shares.The stock last traded at $80.83 and had previously closed at $81.28.

iShares U.S. Consumer Discretionary ETF Price Performance

The company’s 50-day simple moving average is $79.77 and its 200-day simple moving average is $78.59. The company has a market cap of $981.33 million, a price-to-earnings ratio of 29.94 and a beta of 1.16.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacifica Partners Inc. bought a new position in iShares U.S. Consumer Discretionary ETF during the first quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $26,000. Ables Iannone Moore & Associates Inc. acquired a new stake in iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $41,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $44,000. Finally, Nemes Rush Group LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the fourth quarter worth $45,000.

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.