iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Sets New 1-Year High – Time to Buy?

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $95.45 and last traded at $95.45, with a volume of 3843 shares traded. The stock had previously closed at $94.68.

iShares U.S. Consumer Discretionary ETF Stock Up 1.4 %

The stock has a market cap of $1.15 billion, a PE ratio of 29.94 and a beta of 1.16. The stock has a 50-day moving average of $89.20 and a 200 day moving average of $83.93.

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

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