iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 0.2% – Still a Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDI)’s stock price traded up 0.2% on Friday . The company traded as high as $56.38 and last traded at $56.20. 13,582 shares traded hands during mid-day trading, an increase of 172% from the average session volume of 4,995 shares. The stock had previously closed at $56.0969.

iShares U.S. Consumer Focused ETF Price Performance

The company has a 50 day simple moving average of $54.82 and a 200-day simple moving average of $55.32. The firm has a market cap of $30.89 million, a PE ratio of 26.78 and a beta of 1.08.

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

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its holdings in shares of iShares U.S. Consumer Focused ETF by 26.5% in the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock worth $334,000 after buying an additional 1,244 shares during the period. Tower Research Capital LLC TRC grew its position in iShares U.S. Consumer Focused ETF by 817.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,134 shares of the company’s stock worth $852,000 after acquiring an additional 13,484 shares during the last quarter. Allworth Financial LP purchased a new position in iShares U.S. Consumer Focused ETF in the 3rd quarter worth approximately $25,000. Woodley Farra Manion Portfolio Management Inc. bought a new stake in iShares U.S. Consumer Focused ETF in the third quarter valued at approximately $231,000. Finally, Osaic Holdings Inc. lifted its position in iShares U.S. Consumer Focused ETF by 10.2% in the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock valued at $132,000 after purchasing an additional 223 shares during the last quarter.

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.