iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Down 0.3% – Here’s Why

Shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) were down 0.3% during mid-day trading on Monday . The stock traded as low as $53.25 and last traded at $53.43. Approximately 4,828 shares traded hands during mid-day trading, The stock had previously closed at $53.60.

iShares U.S. Consumer Focused ETF Stock Down 0.1 %

The stock’s 50-day simple moving average is $54.56 and its 200 day simple moving average is $51.60. The firm has a market cap of $29.25 million, a P/E ratio of 29.06 and a beta of 0.96.

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

A hedge fund recently bought a new stake in iShares U.S. Consumer Focused ETF stock. B. Riley Wealth Advisors Inc. purchased a new stake in iShares U.S. Consumer Focused ETF (BATS:IEDI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,944 shares of the company’s stock, valued at approximately $240,000. B. Riley Wealth Advisors Inc. owned 0.90% of iShares U.S. Consumer Focused ETF as of its most recent filing with the Securities & Exchange Commission.

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.