iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 0.4% – Time to Buy?

Shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) rose 0.4% on Tuesday . The stock traded as high as $56.91 and last traded at $56.82. 10,473 shares changed hands during trading, an increase of 300% from the average daily volume of 2,618 shares. The stock had previously closed at $56.60.

iShares U.S. Consumer Focused ETF Stock Performance

The business’s 50 day moving average price is $55.00 and its 200-day moving average price is $55.82. The firm has a market cap of $31.25 million, a price-to-earnings ratio of 26.78 and a beta of 1.08.

Institutional Trading of iShares U.S. Consumer Focused ETF

Several institutional investors and hedge funds have recently bought and sold shares of IEDI. Allworth Financial LP bought a new stake in shares of iShares U.S. Consumer Focused ETF in the 3rd quarter valued at approximately $25,000. Osaic Holdings Inc. raised 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 purchasing an additional 223 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares U.S. Consumer Focused ETF during the second quarter worth $262,000. Citadel Advisors LLC lifted its position in shares of 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 buying an additional 1,244 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of iShares U.S. Consumer Focused ETF in the 4th quarter valued at about $394,000.

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. 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.