iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Hits New 12-Month High – Here’s What Happened

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $97.60 and last traded at $97.54, with a volume of 6861 shares trading hands. The stock had previously closed at $96.96.

iShares U.S. Consumer Discretionary ETF Price Performance

The firm’s 50-day simple moving average is $90.32 and its 200 day simple moving average is $84.51. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 29.94 and a beta of 1.16.

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

A number of institutional investors have recently modified their holdings of IYC. Creative Planning increased its position in iShares U.S. Consumer Discretionary ETF by 1.6% during the 2nd quarter. Creative Planning now owns 8,203 shares of the company’s stock worth $667,000 after purchasing an additional 133 shares in the last quarter. Advisors Management Group Inc. ADV lifted its stake in shares of iShares U.S. Consumer Discretionary ETF by 5.0% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 2,931 shares of the company’s stock valued at $258,000 after acquiring an additional 140 shares during the last quarter. CWM LLC boosted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 2.5% during the 2nd quarter. CWM LLC now owns 6,683 shares of the company’s stock valued at $543,000 after acquiring an additional 160 shares in the last quarter. Laidlaw Wealth Management LLC grew its position in iShares U.S. Consumer Discretionary ETF by 2.3% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 7,341 shares of the company’s stock worth $597,000 after acquiring an additional 168 shares during the last quarter. Finally, Bray Capital Advisors increased its holdings in iShares U.S. Consumer Discretionary ETF by 66.7% in the 2nd quarter. Bray Capital Advisors now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter.

About iShares U.S. Consumer Discretionary ETF

The iShares US Consumer Discretionary ETF (IYC) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of US companies that provide consumer services. IYC was launched on Jun 12, 2000 and is managed by BlackRock.