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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw unusually-high trading volume on Thursday . Approximately 213,437 shares traded hands during 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 Down 1.0 %

The company has a market cap of $1.14 billion, a P/E ratio of 29.94 and a beta of 1.16. The business has a fifty day moving average price of $95.62 and a 200-day moving average price of $87.69.

Institutional Investors Weigh In On iShares U.S. Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning boosted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 1.6% in the 2nd quarter. Creative Planning now owns 8,203 shares of the company’s stock valued at $667,000 after purchasing an additional 133 shares in the last quarter. Advisors Management Group Inc. ADV boosted its stake in iShares U.S. Consumer Discretionary ETF by 5.0% in the third quarter. Advisors Management Group Inc. ADV now owns 2,931 shares of the company’s stock valued at $258,000 after buying an additional 140 shares in the last quarter. EP Wealth Advisors LLC grew its position in iShares U.S. Consumer Discretionary ETF by 9.7% in the third quarter. EP Wealth Advisors LLC now owns 4,188 shares of the company’s stock valued at $368,000 after acquiring an additional 371 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF in the second quarter worth about $36,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 2nd quarter valued at approximately $41,000.

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.