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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw an uptick in trading volume on Monday . Approximately 563,975 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 264,537 shares.The stock last traded at $89.20 and had previously closed at $91.45.

iShares U.S. Consumer Discretionary ETF Stock Performance

The company has a 50-day moving average price of $97.87 and a 200-day moving average price of $93.26. The firm has a market capitalization of $1.49 billion, a P/E ratio of 25.54 and a beta of 1.21.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. increased its position in shares of iShares U.S. Consumer Discretionary ETF by 7.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,101 shares of the company’s stock valued at $490,000 after buying an additional 374 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 4.1% in the fourth quarter. Sunbelt Securities Inc. now owns 15,589 shares of the company’s stock worth $1,509,000 after acquiring an additional 621 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the fourth quarter worth about $11,565,000. Strategic Wealth Partners Ltd. bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter valued at about $422,000. Finally, Royal Bank of Canada grew its position in shares of iShares U.S. Consumer Discretionary ETF by 17.2% in the 4th quarter. Royal Bank of Canada now owns 205,995 shares of the company’s stock valued at $19,804,000 after purchasing an additional 30,241 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.