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

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw strong trading volume on Monday . 148,289 shares changed hands during trading, an increase of 46% from the previous session’s volume of 101,668 shares.The stock last traded at $98.29 and had previously closed at $97.69.

iShares U.S. Consumer Discretionary ETF Stock Performance

The stock has a market cap of $1.17 billion, a PE ratio of 29.94 and a beta of 1.16. The firm has a fifty day moving average price of $90.32 and a 200 day moving average price of $84.58.

Hedge Funds Weigh In On iShares U.S. Consumer Discretionary ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its stake in iShares U.S. Consumer Discretionary ETF by 186.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,235 shares of the company’s stock worth $1,654,000 after acquiring an additional 11,208 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of iShares U.S. Consumer Discretionary ETF in the third quarter worth about $2,698,000. MML Investors Services LLC lifted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 5.4% during the third quarter. MML Investors Services LLC now owns 32,958 shares of the company’s stock worth $2,898,000 after purchasing an additional 1,696 shares during the period. EP Wealth Advisors LLC boosted its position in iShares U.S. Consumer Discretionary ETF by 9.7% in the third quarter. EP Wealth Advisors LLC now owns 4,188 shares of the company’s stock valued at $368,000 after buying an additional 371 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in iShares U.S. Consumer Discretionary ETF by 397.6% in the third quarter. Stifel Financial Corp now owns 51,488 shares of the company’s stock valued at $4,528,000 after buying an additional 41,140 shares during the last quarter.

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.