iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw an uptick in trading volume on Friday . 248,179 shares traded hands during trading, an increase of 16% from the previous session’s volume of 213,751 shares.The stock last traded at $100.53 and had previously closed at $102.37.

iShares U.S. Consumer Discretionary ETF Stock Performance

The stock has a market capitalization of $1.41 billion, a P/E ratio of 26.19 and a beta of 1.20. The firm’s fifty day simple moving average is $103.64 and its 200 day simple moving average is $103.46.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new stake in iShares U.S. Consumer Discretionary ETF during the fourth quarter worth $27,000. Trust Co. of Vermont bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at $31,000. Davis Capital Management bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at $36,000. Strive Financial Group LLC acquired a new position in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter worth $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter worth $45,000.

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.