iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Hits New 1-Year High – Here’s Why

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.92 and last traded at $93.92, with a volume of 20001 shares changing hands. The stock had previously closed at $93.49.

iShares U.S. Consumer Discretionary ETF Price Performance

The business has a 50-day simple moving average of $87.38 and a 200 day simple moving average of $83.09. The firm has a market cap of $1.13 billion, a PE ratio of 29.94 and a beta of 1.16.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the third quarter worth about $13,255,000. Pinkerton Retirement Specialists LLC boosted its stake in iShares U.S. Consumer Discretionary ETF by 27.9% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 82,451 shares of the company’s stock worth $6,759,000 after purchasing an additional 18,002 shares during the period. First Citizens Financial Corp grew its holdings in iShares U.S. Consumer Discretionary ETF by 1.5% during the 3rd quarter. First Citizens Financial Corp now owns 61,709 shares of the company’s stock valued at $5,427,000 after buying an additional 883 shares in the last quarter. Raymond James & Associates raised its position in shares of iShares U.S. Consumer Discretionary ETF by 3.1% during the third quarter. Raymond James & Associates now owns 54,028 shares of the company’s stock valued at $4,751,000 after buying an additional 1,607 shares during the last quarter. Finally, Southern Capital Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 2.2% in the third quarter. Southern Capital Advisors LLC now owns 41,957 shares of the company’s stock worth $3,690,000 after buying an additional 903 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.