iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 1-Year High – Time to Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares hit a new 52-week high during trading on Friday . The stock traded as high as $95.45 and last traded at $95.45, with a volume of 3843 shares changing hands. The stock had previously closed at $94.68.

iShares U.S. Consumer Discretionary ETF Price Performance

The stock has a 50 day moving average price of $89.20 and a 200-day moving average price of $83.93. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

Institutional investors have recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the second quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the second quarter worth approximately $36,000. Bray Capital Advisors boosted its stake in shares of iShares U.S. Consumer Discretionary ETF by 66.7% in the second quarter. Bray Capital Advisors now owns 500 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the second quarter worth approximately $41,000. Finally, Denver PWM LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the second quarter worth approximately $112,000.

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.