iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Up 1.9% – Here’s Why

iShares U.S. Consumer Focused ETF (BATS:IEDI) rose 1.9% during trading on Tuesday . The company traded as high as $54.09 and last traded at $54.09. Approximately 2,782 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 2,332 shares. The stock had previously closed at $53.06.

iShares U.S. Consumer Focused ETF Trading Up 1.9%

The company has a 50 day simple moving average of $56.52 and a two-hundred day simple moving average of $55.92. The firm has a market capitalization of $29.75 million, a P/E ratio of 26.78 and a beta of 1.08.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in shares of 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 worth $132,000 after buying an additional 223 shares in the last quarter. Allworth Financial LP purchased a new position in iShares U.S. Consumer Focused ETF during the 3rd quarter valued at approximately $25,000. Ironwood Wealth Management LLC. increased its stake in iShares U.S. Consumer Focused ETF by 19.4% in the 3rd quarter. Ironwood Wealth Management LLC. now owns 5,761 shares of the company’s stock worth $324,000 after acquiring an additional 936 shares during the last quarter. Citadel Advisors LLC increased its stake in iShares U.S. Consumer Focused ETF by 26.5% in the 3rd quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock worth $334,000 after acquiring an additional 1,244 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF during the 3rd quarter worth approximately $231,000.

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. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.