iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sees Large Volume Increase – Should You Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw strong trading volume on Thursday . 337,499 shares changed hands during mid-day trading, an increase of 122% from the previous session’s volume of 151,990 shares.The stock last traded at $101.61 and had previously closed at $102.19.

iShares U.S. Consumer Discretionary ETF Trading Down 0.6%

The stock’s fifty day moving average price is $104.23 and its 200 day moving average price is $103.42. The stock has a market cap of $1.42 billion, a P/E ratio of 26.19 and a beta of 1.20.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

Several large investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC bought a new stake in iShares U.S. Consumer Discretionary ETF during the fourth quarter valued at about $27,000. Trust Co. of Vermont purchased a new position in iShares U.S. Consumer Discretionary ETF during the third quarter valued at approximately $31,000. Davis Capital Management purchased a new position in iShares U.S. Consumer Discretionary ETF in the third quarter valued at about $36,000. Strive Financial Group LLC bought a new position in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter worth approximately $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF during the 4th quarter valued at $45,000.

About iShares U.S. Consumer Discretionary ETF

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.