iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 1.2% – Should You Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDI) traded up 1.2% during mid-day trading on Thursday . The company traded as high as $53.75 and last traded at $53.75. 5,158 shares were traded during trading, The stock had previously closed at $53.11.

iShares U.S. Consumer Focused ETF Stock Performance

The firm’s fifty day simple moving average is $52.13 and its 200 day simple moving average is $49.70. The stock has a market capitalization of $29.56 million, a price-to-earnings ratio of 29.06 and a beta of 0.96.

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

An institutional investor recently bought a new position in iShares U.S. Consumer Focused ETF stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,944 shares of the company’s stock, valued at approximately $240,000. B. Riley Wealth Advisors Inc. owned approximately 0.90% of iShares U.S. Consumer Focused ETF as of its most recent filing with the Securities & Exchange Commission.

About iShares U.S. Consumer Focused ETF

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.