iShares U.S. Consumer Focused ETF (BATS:IEDI) Stock Price Down 0.5% – Here’s Why

iShares U.S. Consumer Focused ETF (BATS:IEDI) were down 0.5% on Thursday . The company traded as low as $51.00 and last traded at $51.07. Approximately 3,869 shares traded hands during trading, The stock had previously closed at $51.31.

iShares U.S. Consumer Focused ETF Stock Performance

The company has a market cap of $28.29 million, a P/E ratio of 29.06 and a beta of 0.96. The stock has a 50-day moving average of $51.24 and a two-hundred day moving average of $49.10.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares U.S. Consumer Focused ETF stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF (BATS:IEDI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing.

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.