iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 12-Month High – Here’s Why

Shares of iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) hit a new 52-week high during trading on Friday . The company traded as high as $97.60 and last traded at $97.54, with a volume of 6861 shares traded. The stock had previously closed at $96.96.

iShares U.S. Consumer Discretionary ETF Price Performance

The stock has a 50-day moving average of $90.10 and a 200 day moving average of $84.39. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16.

Institutional Trading of iShares U.S. Consumer Discretionary ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IYC. Creative Planning grew its position in shares of iShares U.S. Consumer Discretionary ETF by 1.6% during the 2nd quarter. Creative Planning now owns 8,203 shares of the company’s stock worth $667,000 after buying an additional 133 shares during the period. Advisors Management Group Inc. ADV grew its position in shares of iShares U.S. Consumer Discretionary ETF by 5.0% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 2,931 shares of the company’s stock worth $258,000 after buying an additional 140 shares during the period. CWM LLC grew its position in shares of iShares U.S. Consumer Discretionary ETF by 2.5% during the 2nd quarter. CWM LLC now owns 6,683 shares of the company’s stock worth $543,000 after buying an additional 160 shares during the period. Laidlaw Wealth Management LLC grew its position in shares of iShares U.S. Consumer Discretionary ETF by 2.3% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 7,341 shares of the company’s stock worth $597,000 after buying an additional 168 shares during the period. Finally, Bray Capital Advisors grew its position in shares of iShares U.S. Consumer Discretionary ETF by 66.7% during the 2nd quarter. Bray Capital Advisors now owns 500 shares of the company’s stock worth $41,000 after buying an additional 200 shares during the period.

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.