iShares U.S. Consumer Focused ETF (BATS:IEDI) Trading Down 0.3% – Here’s What Happened

iShares U.S. Consumer Focused ETF (BATS:IEDI) shares dropped 0.3% during trading on Monday . The stock traded as low as $53.25 and last traded at $53.43. Approximately 4,828 shares were traded during trading, The stock had previously closed at $53.60.

iShares U.S. Consumer Focused ETF Stock Down 0.3 %

The firm has a 50 day simple moving average of $54.54 and a two-hundred day simple moving average of $51.57. The stock has a market capitalization of $29.38 million, a P/E ratio of 29.06 and a beta of 0.96.

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

A hedge fund recently bought a new stake in iShares U.S. Consumer Focused ETF stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,944 shares of the company’s stock, valued at approximately $240,000. B. Riley Wealth Advisors Inc. owned about 0.90% of iShares U.S. Consumer Focused ETF as of its most recent SEC filing.

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.