iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Get Free Report) saw strong trading volume on Thursday . 1,349,805 shares changed hands during mid-day trading, an increase of 448% from the previous session’s volume of 246,123 shares.The stock last traded at $67.2840 and had previously closed at $67.67.
iShares U.S. Consumer Staples ETF Price Performance
The stock has a 50 day simple moving average of $68.14 and a 200-day simple moving average of $69.45. The firm has a market cap of $1.27 billion, a PE ratio of 20.18 and a beta of 0.50.
Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF
Hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust bought a new stake in iShares U.S. Consumer Staples ETF during the second quarter valued at approximately $29,000. First Horizon Corp bought a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter valued at approximately $43,000. Davis Capital Management bought a new position in iShares U.S. Consumer Staples ETF during the third quarter valued at approximately $50,000. Nova Wealth Management Inc. increased its position in shares of iShares U.S. Consumer Staples ETF by 286.3% during the 2nd quarter. Nova Wealth Management Inc. now owns 815 shares of the company’s stock valued at $57,000 after purchasing an additional 604 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in iShares U.S. Consumer Staples ETF by 23.8% during the second quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $60,000 after buying an additional 163 shares during the period.
About iShares U.S. Consumer Staples ETF
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.
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