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

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw an uptick in trading volume on Thursday . 156,144 shares were traded during trading, an increase of 37% from the previous session’s volume of 113,655 shares.The stock last traded at $99.54 and had previously closed at $99.63.

iShares U.S. Consumer Discretionary ETF Price Performance

The company has a market cap of $1.17 billion, a PE ratio of 29.94 and a beta of 1.16. The company’s fifty day moving average price is $94.89 and its 200 day moving average price is $87.17.

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

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in iShares U.S. Consumer Discretionary ETF by 101.7% in the third quarter. JPMorgan Chase & Co. now owns 62,688 shares of the company’s stock worth $5,513,000 after buying an additional 31,606 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in iShares U.S. Consumer Discretionary ETF by 186.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,235 shares of the company’s stock worth $1,654,000 after acquiring an additional 11,208 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF in the 3rd quarter worth about $2,698,000. MML Investors Services LLC lifted its holdings in iShares U.S. Consumer Discretionary ETF by 5.4% during the third quarter. MML Investors Services LLC now owns 32,958 shares of the company’s stock valued at $2,898,000 after purchasing an additional 1,696 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in iShares U.S. Consumer Discretionary ETF by 9.7% during the third quarter. EP Wealth Advisors LLC now owns 4,188 shares of the company’s stock worth $368,000 after purchasing an additional 371 shares during the period.

About iShares U.S. Consumer Discretionary ETF

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.