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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) shares saw unusually-strong trading volume on Friday . Approximately 248,179 shares traded hands during trading, an increase of 16% from the previous session’s volume of 213,751 shares.The stock last traded at $100.53 and had previously closed at $102.37.

iShares U.S. Consumer Discretionary ETF Price Performance

The company has a market cap of $1.41 billion, a price-to-earnings ratio of 26.19 and a beta of 1.20. The firm has a 50-day moving average price of $103.71 and a 200 day moving average price of $103.47.

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

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in shares of iShares U.S. Consumer Discretionary ETF by 0.9% in the first quarter. NewEdge Advisors LLC now owns 13,837 shares of the company’s stock valued at $1,222,000 after acquiring an additional 125 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of iShares U.S. Consumer Discretionary ETF by 62.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 88,947 shares of the company’s stock worth $7,856,000 after purchasing an additional 34,093 shares in the last quarter. Jane Street Group LLC grew its position in shares of iShares U.S. Consumer Discretionary ETF by 398.7% during the 1st quarter. Jane Street Group LLC now owns 16,313 shares of the company’s stock worth $1,441,000 after purchasing an additional 13,042 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Consumer Discretionary ETF by 41.3% during the second quarter. Envestnet Asset Management Inc. now owns 54,465 shares of the company’s stock worth $5,427,000 after purchasing an additional 15,910 shares during the period. Finally, Bank of Montreal Can raised its position in shares of iShares U.S. Consumer Discretionary ETF by 20.1% in the second quarter. Bank of Montreal Can now owns 10,598 shares of the company’s stock valued at $1,056,000 after buying an additional 1,776 shares in the last quarter.

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.