Wealthstar Advisors LLC Makes New $1.47 Million Investment in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Wealthstar Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) during the first quarter, HoldingsChannel reports. The firm purchased 21,789 shares of the company’s stock, valued at approximately $1,474,000. iShares U.S. Consumer Staples ETF makes up about 0.5% of Wealthstar Advisors LLC’s portfolio, making the stock its 29th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Bangor Savings Bank grew its position in shares of iShares U.S. Consumer Staples ETF by 200.0% in the first quarter. Bangor Savings Bank now owns 408 shares of the company’s stock valued at $28,000 after purchasing an additional 272 shares during the last quarter. Fortis Group Advisors LLC boosted its stake in shares of iShares U.S. Consumer Staples ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 168 shares of the company’s stock valued at $32,000 after buying an additional 84 shares during the period. Glass Jacobson Investment Advisors llc bought a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $33,000. Angeles Wealth Management LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $36,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $38,000.

iShares U.S. Consumer Staples ETF Stock Performance

Shares of IYK stock traded down $0.11 during trading on Thursday, hitting $65.35. The company had a trading volume of 71,037 shares, compared to its average volume of 92,073. The firm has a market capitalization of $1.22 billion, a P/E ratio of 7.93 and a beta of 0.35. The stock’s 50-day moving average price is $66.75 and its 200 day moving average price is $65.65. iShares U.S. Consumer Staples ETF has a one year low of $59.04 and a one year high of $68.70.

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.