iShares U.S. Consumer Focused ETF (BATS:IEDI) Trading Up 7.2% – Here’s What Happened

iShares U.S. Consumer Focused ETF (BATS:IEDI) shares were up 7.2% during trading on Monday . The company traded as high as $54.07 and last traded at $57.02. Approximately 4,382 shares were traded during trading, The stock had previously closed at $53.19.

iShares U.S. Consumer Focused ETF Price Performance

The firm has a market cap of $31.36 million, a PE ratio of 29.06 and a beta of 0.96. The business’s fifty day moving average is $55.14 and its 200-day moving average is $52.50.

Institutional Trading of iShares U.S. Consumer Focused ETF

An institutional investor recently bought a new position in iShares U.S. Consumer Focused ETF stock. Moors & Cabot Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,390 shares of the company’s stock, valued at approximately $502,000. Moors & Cabot Inc. owned 1.71% of iShares U.S. Consumer Focused ETF as of its most recent SEC filing.

iShares U.S. Consumer Focused ETF Company Profile

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.