iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Here’s Why

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw an uptick in trading volume on Monday . 170,870 shares traded hands during trading, an increase of 68% from the previous session’s volume of 101,776 shares.The stock last traded at $69.62 and had previously closed at $70.07.

iShares U.S. Consumer Staples ETF Trading Down 0.4 %

The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35. The stock’s 50 day moving average price is $70.29 and its 200 day moving average price is $67.98.

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

Large investors have recently modified their holdings of the stock. Manchester Capital Management LLC boosted its holdings in iShares U.S. Consumer Staples ETF by 200.0% in the 1st quarter. Manchester Capital Management LLC now owns 441 shares of the company’s stock valued at $30,000 after purchasing an additional 294 shares during the period. Beacon Capital Management LLC bought a new position in shares of iShares U.S. Consumer Staples ETF in the second quarter worth $30,000. Angeles Wealth Management LLC raised its stake in iShares U.S. Consumer Staples ETF by 200.0% in the first quarter. Angeles Wealth Management LLC now owns 561 shares of the company’s stock valued at $38,000 after purchasing an additional 374 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in iShares U.S. Consumer Staples ETF during the second quarter worth about $41,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in iShares U.S. Consumer Staples ETF during the second quarter worth about $45,000.

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.