iShares U.S. Consumer Focused ETF (BATS:IEDI) Shares Up 4.9% – Time to Buy?

iShares U.S. Consumer Focused ETF (BATS:IEDIGet Free Report) shares were up 4.9% on Monday . The company traded as high as $55.36 and last traded at $58.1560. Approximately 3,089 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 4,995 shares. The stock had previously closed at $55.4250.

iShares U.S. Consumer Focused ETF Stock Up 4.9%

The business’s fifty day moving average is $55.96 and its 200 day moving average is $55.88. The firm has a market capitalization of $31.99 million, a price-to-earnings ratio of 26.78 and a beta of 1.08.

Institutional Trading of iShares U.S. Consumer Focused ETF

A number of institutional investors have recently made changes to their positions in IEDI. Allworth Financial LP acquired a new position in iShares U.S. Consumer Focused ETF during the third quarter worth $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 valued at $334,000 after buying an additional 1,244 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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 in the last quarter. Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $231,000. Finally, Ironwood Wealth Management LLC. boosted its stake in shares of iShares U.S. Consumer Focused ETF by 19.4% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 5,761 shares of the company’s stock worth $324,000 after buying an additional 936 shares during the last quarter.

About iShares U.S. Consumer Focused ETF

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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.

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