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

Shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $54.84 and last traded at $54.64. Approximately 2,801 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 2,649 shares. The stock had previously closed at $54.51.

iShares U.S. Consumer Focused ETF Stock Performance

The company has a 50 day simple moving average of $55.50 and a 200 day simple moving average of $56.02. The company has a market capitalization of $30.09 million, a PE ratio of 26.78 and a beta of 1.08.

Institutional Trading of iShares U.S. Consumer Focused ETF

Several large investors have recently made changes to their positions in the company. Allworth Financial LP purchased a new position in iShares U.S. Consumer Focused ETF in the 3rd quarter valued at $25,000. Osaic Holdings Inc. grew its holdings in shares of iShares U.S. Consumer Focused ETF by 10.2% during 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. B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF during the second quarter worth $262,000. Citadel Advisors LLC grew its holdings in shares of iShares U.S. Consumer Focused ETF by 26.5% during 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 in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares U.S. Consumer Focused ETF in the fourth quarter valued at about $394,000.

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.