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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s stock price hit a new 52-week high during trading on Thursday. The stock traded as high as $107.62 and last traded at $105.2510, with a volume of 1,354 shares trading hands. The stock had previously closed at $106.70.

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

The stock has a market capitalization of $1.30 billion, a PE ratio of 23.84 and a beta of 1.13. The firm’s 50-day simple moving average is $98.66 and its two-hundred day simple moving average is $100.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ibex Wealth Advisors acquired a new position in shares of iShares U.S. Consumer Discretionary ETF in the first quarter valued at approximately $730,000. S&A Financial Services Inc. acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the first quarter worth $3,443,000. Patton Albertson Miller Group LLC acquired a new stake in shares of iShares U.S. Consumer Discretionary ETF during the third quarter worth $716,000. Genesee Capital Advisors LLC bought a new stake in iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at $767,000. Finally, Capital Investment Advisors LLC bought a new stake in iShares U.S. Consumer Discretionary ETF in the 3rd quarter valued at $829,000.

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.