iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Strong Trading Volume – Should You Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw strong trading volume on Monday . 255,310 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 186,782 shares.The stock last traded at $105.19 and had previously closed at $104.25.

iShares U.S. Consumer Discretionary ETF Stock Down 0.0%

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 26.19 and a beta of 1.20. The company has a 50 day simple moving average of $102.45 and a 200-day simple moving average of $101.64.

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

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC grew its stake in iShares U.S. Consumer Discretionary ETF by 129.0% during the 1st quarter. HighTower Advisors LLC now owns 13,723 shares of the company’s stock worth $1,212,000 after buying an additional 7,730 shares during the last quarter. PGIM Custom Harvest LLC raised its position in shares of iShares U.S. Consumer Discretionary ETF by 16.9% during the 1st quarter. PGIM Custom Harvest LLC now owns 974,216 shares of the company’s stock worth $86,048,000 after buying an additional 140,794 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 1.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 38,019 shares of the company’s stock valued at $3,358,000 after acquiring an additional 421 shares in the last quarter. Baird Financial Group Inc. raised its holdings in iShares U.S. Consumer Discretionary ETF by 6.9% during the first quarter. Baird Financial Group Inc. now owns 3,483 shares of the company’s stock worth $308,000 after purchasing an additional 226 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in iShares U.S. Consumer Discretionary ETF by 25.4% during the 1st quarter. Royal Bank of Canada now owns 258,417 shares of the company’s stock valued at $22,825,000 after purchasing an additional 52,422 shares in the last quarter.

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.