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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw strong trading volume on Wednesday . 126,891 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 82,222 shares.The stock last traded at $77.66 and had previously closed at $77.75.

iShares U.S. Consumer Discretionary ETF Stock Down 1.0 %

The business has a 50 day simple moving average of $79.97 and a 200 day simple moving average of $74.44. The company has a market capitalization of $957.19 million, a PE ratio of 30.39 and a beta of 1.16.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IYC. Citigroup Inc. increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 8.9% in the first quarter. Citigroup Inc. now owns 11,768 shares of the company’s stock valued at $883,000 after purchasing an additional 962 shares during the period. BlackRock Inc. grew its holdings in iShares U.S. Consumer Discretionary ETF by 3.3% during the first quarter. BlackRock Inc. now owns 69,956 shares of the company’s stock worth $5,249,000 after acquiring an additional 2,204 shares during the period. NewEdge Advisors LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 2.4% during the first quarter. NewEdge Advisors LLC now owns 16,319 shares of the company’s stock worth $1,225,000 after acquiring an additional 384 shares during the period. Flow Traders U.S. LLC acquired a new stake in iShares U.S. Consumer Discretionary ETF during the first quarter worth about $538,000. Finally, Renaissance Technologies LLC grew its holdings in iShares U.S. Consumer Discretionary ETF by 30.4% during the first quarter. Renaissance Technologies LLC now owns 7,300 shares of the company’s stock worth $548,000 after acquiring an additional 1,700 shares during the period.

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.