iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Hits New 52-Week High – What’s Next?

Posted by Caroline Horne on Dec 11th, 2024

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $101.47 and last traded at $101.33, with a volume of 37183 shares. The stock had previously closed at $100.19.

iShares U.S. Consumer Discretionary ETF Stock Up 1.1 %

The stock has a market capitalization of $1.21 billion, a P/E ratio of 29.94 and a beta of 1.16. The firm’s 50 day simple moving average is $91.94 and its two-hundred day simple moving average is $85.57.

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

A number of institutional investors have recently added to or reduced their stakes in IYC. Ashton Thomas Private Wealth LLC purchased a new position in iShares U.S. Consumer Discretionary ETF in the second quarter valued at about $36,000. Bray Capital Advisors lifted its stake in shares of iShares U.S. Consumer Discretionary ETF by 66.7% during the 2nd quarter. Bray Capital Advisors now owns 500 shares of the company’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 2nd quarter valued at approximately $41,000. Global Trust Asset Management LLC lifted its stake in shares of iShares U.S. Consumer Discretionary ETF by 219.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,165 shares of the company’s stock valued at $102,000 after buying an additional 800 shares in the last quarter. Finally, Denver PWM LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 2nd quarter valued at approximately $112,000.

iShares U.S. Consumer Discretionary ETF Company Profile

(Get Free Report)

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.