iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Reaches New 1-Year High – Should You Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s share price reached a new 52-week high on Friday . The stock traded as high as $97.60 and last traded at $97.54, with a volume of 6861 shares traded. The stock had previously closed at $96.96.

iShares U.S. Consumer Discretionary ETF Trading Up 0.8 %

The firm has a market capitalization of $1.17 billion, a P/E ratio of 29.94 and a beta of 1.16. The stock’s 50-day simple moving average is $90.32 and its 200-day simple moving average is $84.51.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Consumer Discretionary ETF in the third quarter worth $71,847,000. Captrust Financial Advisors grew its position in iShares U.S. Consumer Discretionary ETF by 17.0% during the third quarter. Captrust Financial Advisors now owns 158,532 shares of the company’s stock valued at $13,941,000 after buying an additional 23,006 shares during the period. Apollon Wealth Management LLC purchased a new stake in iShares U.S. Consumer Discretionary ETF during the third quarter worth about $13,255,000. First Citizens Financial Corp raised its position in iShares U.S. Consumer Discretionary ETF by 1.5% in the third quarter. First Citizens Financial Corp now owns 61,709 shares of the company’s stock worth $5,427,000 after acquiring an additional 883 shares during the period. Finally, Raymond James & Associates boosted its stake in iShares U.S. Consumer Discretionary ETF by 3.1% in the third quarter. Raymond James & Associates now owns 54,028 shares of the company’s stock valued at $4,751,000 after acquiring an additional 1,607 shares during 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.