iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw an uptick in trading volume on Monday . 430,396 shares were traded during mid-day trading, an increase of 127% from the previous session’s volume of 189,260 shares.The stock last traded at $70.59 and had previously closed at $69.93.

iShares U.S. Consumer Staples ETF Stock Performance

The firm’s 50 day moving average is $66.19 and its 200-day moving average is $68.45. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 21.67 and a beta of 0.72.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of institutional investors have recently made changes to their positions in IYK. Fortitude Family Office LLC purchased a new stake in iShares U.S. Consumer Staples ETF in the third quarter valued at $28,000. Capital Analysts LLC lifted its position in iShares U.S. Consumer Staples ETF by 228.8% in the fourth quarter. Capital Analysts LLC now owns 651 shares of the company’s stock valued at $43,000 after buying an additional 453 shares during the last quarter. US Bancorp DE increased its position in shares of iShares U.S. Consumer Staples ETF by 53.7% during the fourth quarter. US Bancorp DE now owns 701 shares of the company’s stock valued at $46,000 after acquiring an additional 245 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 311.5% in the 4th quarter. Farther Finance Advisors LLC now owns 716 shares of the company’s stock worth $47,000 after acquiring an additional 542 shares during the last quarter. Finally, Financial Life Planners purchased a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $58,000.

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.