iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-strong trading volume on Thursday . Approximately 44,977 shares were traded during trading, a decline of 53% from the previous session’s volume of 95,323 shares.The stock last traded at $71.76 and had previously closed at $72.12.

iShares U.S. Consumer Staples ETF Price Performance

The company has a market cap of $1.34 billion, a P/E ratio of 7.93 and a beta of 0.35. The stock has a fifty day moving average price of $68.31 and a two-hundred day moving average price of $67.04.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Truist Financial Corp boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 2.5% in the 4th quarter. Truist Financial Corp now owns 9,074 shares of the company’s stock worth $1,740,000 after buying an additional 219 shares during the last quarter. Private Advisor Group LLC boosted its stake in iShares U.S. Consumer Staples ETF by 61.6% in the fourth quarter. Private Advisor Group LLC now owns 10,067 shares of the company’s stock valued at $1,930,000 after acquiring an additional 3,836 shares during the last quarter. Principal Securities Inc. purchased a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $2,669,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at approximately $72,000. Finally, Blankinship & Foster LLC increased its stake in shares of iShares U.S. Consumer Staples ETF by 17.4% during the 4th quarter. Blankinship & Foster LLC now owns 2,466 shares of the company’s stock worth $473,000 after purchasing an additional 366 shares during the last quarter.

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.