iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Down 0.2% – Here’s Why

iShares U.S. Consumer Focused ETF (BATS:IEDI) shares fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $54.63 and last traded at $54.69. Approximately 1,373 shares were traded during trading, a decline of 48% from the average session volume of 2,654 shares. The stock had previously closed at $54.82.

iShares U.S. Consumer Focused ETF Trading Down 0.2%

The firm has a market cap of $30.08 million, a PE ratio of 26.78 and a beta of 1.08. The stock’s 50 day moving average price is $54.98 and its 200 day moving average price is $55.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in shares of iShares U.S. Consumer Focused ETF during the third quarter worth about $25,000. Osaic Holdings Inc. raised its holdings in shares of iShares U.S. Consumer Focused ETF by 10.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after buying an additional 223 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in iShares U.S. Consumer Focused ETF during the 2nd quarter worth approximately $262,000. Citadel Advisors LLC boosted its holdings in iShares U.S. Consumer Focused ETF by 26.5% in the 3rd quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock worth $334,000 after acquiring an additional 1,244 shares during the period. Finally, Commonwealth Retirement Investments LLC purchased a new position in iShares U.S. Consumer Focused ETF in the 4th quarter worth approximately $394,000.

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.