iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 4.9% – Time to Buy?

Shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) shot up 4.9% during trading on Monday . The stock traded as high as $55.36 and last traded at $58.1560. 3,089 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 4,995 shares. The stock had previously closed at $55.4250.

iShares U.S. Consumer Focused ETF Trading Up 4.9%

The business’s fifty day moving average price is $55.96 and its two-hundred day moving average price is $55.88. The firm has a market cap of $31.99 million, a P/E ratio of 26.78 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IEDI. Woodley Farra Manion Portfolio Management Inc. bought a new stake in iShares U.S. Consumer Focused ETF in the 3rd quarter valued at $231,000. Allworth Financial LP bought a new position in shares of iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $25,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Consumer Focused ETF during the second quarter valued at about $262,000. Citadel Advisors LLC lifted its stake in shares of iShares U.S. Consumer Focused ETF by 26.5% in the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock valued at $334,000 after buying an additional 1,244 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of iShares U.S. Consumer Focused ETF by 817.2% in the third quarter. Tower Research Capital LLC TRC now owns 15,134 shares of the company’s stock valued at $852,000 after buying an additional 13,484 shares during the period.

About iShares U.S. Consumer Focused ETF

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.