iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Large Volume Increase – Still a Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC – Get Free Report) saw an uptick in trading volume on Wednesday. Approximately 354,500 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 138,511 shares. The stock last traded at $105.7150 and had previously closed at $101.99.

iShares U.S. Consumer Discretionary ETF Price Performance

The business has a 50 day moving average of $98.52 and a 200 day moving average of $100.64. The company has a market cap of $1.31 billion, a PE ratio of 23.84 and a beta of 1.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. North Point Portfolio Managers Corp OH purchased a new stake in iShares U.S. Consumer Discretionary ETF during the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the third quarter worth $47,000. Hartford Financial Management Inc. bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the 3rd quarter worth approximately $118,000. Western Wealth Management LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF during the 1st quarter worth $122,000. Finally, Compass Financial Management LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the second quarter worth about $138,000.

About iShares U.S. Consumer Discretionary ETF

(Get Free Report)

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.

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