iShares U.S. Consumer Focused ETF (BATS:IEDI) Trading 0.2% Higher – Time to Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDI) shot up 0.2% on Tuesday . The stock traded as high as $54.84 and last traded at $54.64. 2,801 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 2,649 shares. The stock had previously closed at $54.51.

iShares U.S. Consumer Focused ETF Stock Performance

The stock has a fifty day moving average price of $55.51 and a 200-day moving average price of $56.02. The firm has a market cap of $30.05 million, a PE ratio of 26.78 and a beta of 1.08.

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

Several institutional investors have recently bought and sold shares of IEDI. Tower Research Capital LLC TRC raised its stake in shares of iShares U.S. Consumer Focused ETF by 817.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,134 shares of the company’s stock valued at $852,000 after acquiring an additional 13,484 shares during the period. Commonwealth Retirement Investments LLC purchased a new stake in iShares U.S. Consumer Focused ETF during the 4th quarter worth $394,000. Citadel Advisors LLC boosted its position in iShares U.S. Consumer Focused ETF by 26.5% during the 3rd 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. B. Riley Wealth Advisors Inc. acquired a new stake in iShares U.S. Consumer Focused ETF in the 2nd quarter valued at $262,000. Finally, Osaic Holdings Inc. grew its stake in shares of iShares U.S. Consumer Focused ETF by 13.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,284 shares of the company’s stock valued at $181,000 after buying an additional 402 shares in the last quarter.

iShares U.S. Consumer Focused ETF Company Profile

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.