iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Trading Up 0.5% – Still a Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) traded up 0.5% on Wednesday . The company traded as high as $69.92 and last traded at $69.83. 453,077 shares changed hands during trading, an increase of 2% from the average session volume of 442,122 shares. The stock had previously closed at $69.47.

iShares U.S. Consumer Staples ETF Stock Up 0.5%

The firm has a market cap of $1.21 billion, a P/E ratio of 20.18 and a beta of 0.50. The business’s 50 day moving average is $72.96 and its 200-day moving average is $69.70.

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

Several hedge funds and other institutional investors have recently modified their holdings of IYK. Rockefeller Capital Management L.P. raised its stake in shares of iShares U.S. Consumer Staples ETF by 1.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 11,348 shares of the company’s stock valued at $759,000 after purchasing an additional 182 shares in the last quarter. Bayban bought a new position in shares of iShares U.S. Consumer Staples ETF during the fourth quarter worth about $117,000. Targeted Financial Services LLC acquired a new position in iShares U.S. Consumer Staples ETF in the fourth quarter worth about $554,000. Reflection Asset Management acquired a new position in iShares U.S. Consumer Staples ETF in the fourth quarter worth about $37,000. Finally, Stone Wealth Partners bought a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $608,000.

iShares U.S. Consumer Staples ETF Company Profile

iShares U.S. Consumer Goods ETF (the Fund), formerly iShares Dow Jones U.S .Consumer Goods Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of United States consumer goods stocks, as represented by the Dow Jones United States Consumer Goods Index. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.