iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Strong Trading Volume

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw an uptick in trading volume on Monday . 133,287 shares traded hands during 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 Trading Down 0.4 %

The company’s fifty day moving average is $79.59 and its 200 day moving average is $78.50. The company has a market capitalization of $967.35 million, a P/E ratio of 29.94 and a beta of 1.16.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in iShares U.S. Consumer Discretionary ETF by 719.7% during the third quarter. Tower Research Capital LLC TRC now owns 6,353 shares of the company’s stock worth $425,000 after buying an additional 5,578 shares in the last quarter. GSA Capital Partners LLP lifted its position in iShares U.S. Consumer Discretionary ETF by 80.4% during the third quarter. GSA Capital Partners LLP now owns 12,312 shares of the company’s stock valued at $824,000 after purchasing an additional 5,487 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Consumer Discretionary ETF in the 3rd quarter worth approximately $63,751,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 21.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,878 shares of the company’s stock worth $394,000 after buying an additional 1,044 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of iShares U.S. Consumer Discretionary ETF by 53.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 14,314 shares of the company’s stock valued at $958,000 after buying an additional 4,979 shares in the last quarter.

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.