iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Reaches New 52-Week High – Here’s What Happened

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $106.57 and last traded at $106.45, with a volume of 14152 shares changing hands. The stock had previously closed at $106.08.

iShares U.S. Consumer Discretionary ETF Stock Performance

The firm has a market cap of $1.65 billion, a P/E ratio of 26.19 and a beta of 1.20. The company’s 50 day moving average is $102.83 and its 200 day moving average is $102.57.

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

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares U.S. Consumer Discretionary ETF by 20.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,555 shares of the company’s stock worth $373,000 after purchasing an additional 596 shares during the last quarter. WESPAC Advisors SoCal LLC boosted its position in iShares U.S. Consumer Discretionary ETF by 8.9% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 10,697 shares of the company’s stock worth $1,103,000 after buying an additional 871 shares during the period. Allworth Financial LP grew its holdings in iShares U.S. Consumer Discretionary ETF by 224.6% during the 3rd quarter. Allworth Financial LP now owns 3,830 shares of the company’s stock worth $401,000 after acquiring an additional 2,650 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at approximately $208,000. Finally, Advisory Services Network LLC lifted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 3.4% during the third quarter. Advisory Services Network LLC now owns 123,000 shares of the company’s stock worth $12,890,000 after purchasing an additional 3,987 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.