iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 12-Month High – Here’s What Happened

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $89.20 and last traded at $89.20, with a volume of 6973 shares changing hands. The stock had previously closed at $88.03.

iShares U.S. Consumer Discretionary ETF Trading Up 1.3 %

The stock has a market capitalization of $1.11 billion, a P/E ratio of 29.94 and a beta of 1.16. The business’s fifty day simple moving average is $86.53 and its two-hundred day simple moving average is $82.60.

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

Large investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in iShares U.S. Consumer Discretionary ETF in the 2nd quarter valued at $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 2nd quarter valued at approximately $36,000. Bray Capital Advisors raised its holdings in shares of iShares U.S. Consumer Discretionary ETF by 66.7% in the 2nd quarter. Bray Capital Advisors now owns 500 shares of the company’s stock worth $41,000 after buying an additional 200 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 2nd quarter worth approximately $41,000. Finally, Denver PWM LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF in the 2nd quarter valued at $112,000.

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.