iShares U.S. Consumer Focused ETF (BATS:IEDI – Get Free Report)’s share price were down 0.9% during mid-day trading on Wednesday . The company traded as low as $54.37 and last traded at $54.57. Approximately 2,196 shares changed hands during trading, a decline of 15% from the average daily volume of 2,588 shares. The stock had previously closed at $55.05.
iShares U.S. Consumer Focused ETF Stock Down 0.7%
The business has a 50-day moving average price of $55.40 and a 200-day moving average price of $55.89. The company has a market capitalization of $29.98 million, a price-to-earnings ratio of 26.78 and a beta of 1.08.
Institutional Investors Weigh In On iShares U.S. Consumer Focused ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of iShares U.S. Consumer Focused ETF during the third quarter worth $25,000. Osaic Holdings Inc. raised its position in shares of iShares U.S. Consumer Focused ETF by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock worth $132,000 after purchasing an additional 223 shares during the period. Woodley Farra Manion Portfolio Management Inc. acquired a new stake in shares of iShares U.S. Consumer Focused ETF during the third quarter worth $231,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares U.S. Consumer Focused ETF during the second quarter worth $262,000. Finally, Citadel Advisors LLC raised its position in shares of iShares U.S. Consumer Focused ETF by 26.5% during the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock worth $334,000 after purchasing an additional 1,244 shares during the period.
About iShares U.S. Consumer Focused ETF
The iShares Evolved U.S. Discretionary Spending ETF (IEDI) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Discretionary index. The fund is an actively managed fund of US stocks in the discretionary spending sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.
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