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

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw unusually-high trading volume on Monday . Approximately 507,508 shares changed hands during mid-day trading, an increase of 180% from the previous session’s volume of 181,357 shares.The stock last traded at $103.49 and had previously closed at $103.20.

iShares U.S. Consumer Discretionary ETF Price Performance

The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 26.19 and a beta of 1.20. The stock has a fifty day moving average of $104.06 and a two-hundred day moving average of $99.60.

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

Large investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont bought a new position in iShares U.S. Consumer Discretionary ETF during the third quarter worth $31,000. Cooksen Wealth LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 1st quarter worth about $28,000. Davis Capital Management acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at about $36,000. Founders Financial Alliance LLC increased its position in iShares U.S. Consumer Discretionary ETF by 252.2% in the 1st quarter. Founders Financial Alliance LLC now owns 553 shares of the company’s stock valued at $49,000 after buying an additional 396 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in iShares U.S. Consumer Discretionary ETF by 535.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 661 shares of the company’s stock valued at $66,000 after buying an additional 557 shares in the last quarter.

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.