iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Down 0.5% – Here’s Why

iShares U.S. Consumer Focused ETF (BATS:IEDI)’s stock price fell 0.5% during trading on Tuesday . The stock traded as low as $57.59 and last traded at $57.59. 547 shares traded hands during trading, a decline of 76% from the average session volume of 2,253 shares. The stock had previously closed at $57.87.

iShares U.S. Consumer Focused ETF Price Performance

The company has a 50 day moving average of $56.99 and a 200-day moving average of $56.17. The company has a market cap of $31.67 million, a P/E ratio of 26.78 and a beta of 1.08.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in iShares U.S. Consumer Focused ETF in the third quarter worth $25,000. Osaic Holdings Inc. raised its holdings in shares of iShares U.S. Consumer Focused ETF by 10.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after buying an additional 223 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. bought a new stake in iShares U.S. Consumer Focused ETF in the 3rd quarter worth approximately $231,000. B. Riley Wealth Advisors Inc. purchased a new stake in iShares U.S. Consumer Focused ETF in the second quarter worth approximately $262,000. Finally, Ironwood Wealth Management LLC. grew its position in iShares U.S. Consumer Focused ETF by 19.4% during the third quarter. Ironwood Wealth Management LLC. now owns 5,761 shares of the company’s stock valued at $324,000 after acquiring an additional 936 shares during the last quarter.

iShares U.S. Consumer Focused ETF Company Profile

The iShares Evolved U.S. Discretionary Spending ETF (IEDI) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Discretionary index. The fund is an actively managed fund of US stocks in the discretionary spending sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.