iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 52-Week High – Should You Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $107.62 and last traded at $105.2510, with a volume of 1,354 shares traded. The stock had previously closed at $106.70.

iShares U.S. Consumer Discretionary ETF Trading Down 2.6%

The firm has a market capitalization of $1.27 billion, a P/E ratio of 23.84 and a beta of 1.13. The business’s fifty day moving average is $98.59 and its 200 day moving average is $100.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of iShares U.S. Consumer Discretionary ETF by 12.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,058,741 shares of the company’s stock worth $102,613,000 after acquiring an additional 119,542 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in shares of iShares U.S. Consumer Discretionary ETF in the 3rd quarter worth $5,064,000. Cottonwood Capital Advisors LLC grew its holdings in shares of iShares U.S. Consumer Discretionary ETF by 5.0% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 50,785 shares of the company’s stock worth $4,813,000 after acquiring an additional 2,403 shares during the last quarter. S&A Financial Services Inc. acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the first quarter worth $3,443,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the third quarter worth $2,332,000.

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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