iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Down 0.4% – Should You Sell?

iShares U.S. Consumer Focused ETF (BATS:IEDI) fell 0.4% during trading on Friday . The company traded as low as $55.0530 and last traded at $55.1860. 3,089 shares were traded during mid-day trading, a decline of 38% from the average session volume of 4,995 shares. The stock had previously closed at $55.4250.

iShares U.S. Consumer Focused ETF Price Performance

The stock has a market capitalization of $30.35 million, a P/E ratio of 26.78 and a beta of 1.08. The stock’s fifty day moving average is $54.86 and its two-hundred day moving average is $55.49.

Institutional Investors Weigh In On iShares U.S. Consumer Focused ETF

Large investors have recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in shares of iShares U.S. Consumer Focused ETF during the third quarter valued at $25,000. 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 purchasing an additional 1,244 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 13,484 shares during the period. Woodley Farra Manion Portfolio Management Inc. acquired a new stake in iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $231,000. Finally, Ironwood Wealth Management LLC. lifted its stake in iShares U.S. Consumer Focused ETF by 19.4% during the third quarter. Ironwood Wealth Management LLC. now owns 5,761 shares of the company’s stock valued at $324,000 after buying an additional 936 shares in 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. 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.