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

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw strong trading volume on Thursday . 213,437 shares were traded during mid-day trading, an increase of 82% from the previous session’s volume of 117,237 shares.The stock last traded at $96.21 and had previously closed at $96.14.

iShares U.S. Consumer Discretionary ETF Stock Performance

The firm has a market capitalization of $1.16 billion, a PE ratio of 29.94 and a beta of 1.16. The stock’s 50-day simple moving average is $95.93 and its 200-day simple moving average is $87.85.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 31,606 shares during the last quarter. Sanctuary Advisors LLC lifted its position in iShares U.S. Consumer Discretionary ETF by 186.0% during the third quarter. Sanctuary Advisors LLC now owns 17,235 shares of the company’s stock valued at $1,654,000 after purchasing an additional 11,208 shares in the last quarter. Eaton Financial Holdings Company LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 3rd quarter valued at approximately $2,698,000. MML Investors Services LLC boosted its position in shares of iShares U.S. Consumer Discretionary ETF by 5.4% in the third quarter. MML Investors Services LLC now owns 32,958 shares of the company’s stock worth $2,898,000 after purchasing an additional 1,696 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in iShares U.S. Consumer Discretionary ETF by 9.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,188 shares of the company’s stock worth $368,000 after buying an additional 371 shares during the period.

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.