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

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-high trading volume on Monday . Approximately 268,109 shares changed hands during trading, an increase of 94% from the previous session’s volume of 138,133 shares.The stock last traded at $66.43 and had previously closed at $66.36.

iShares U.S. Consumer Staples ETF Stock Performance

The firm has a market cap of $1.23 billion, a PE ratio of 7.93 and a beta of 0.35. The company’s 50-day simple moving average is $66.57 and its two-hundred day simple moving average is $68.47.

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

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in iShares U.S. Consumer Staples ETF by 2,551,160.4% in the third quarter. International Assets Investment Management LLC now owns 26,864,772 shares of the company’s stock worth $1,895,847,000 after buying an additional 26,863,719 shares during the period. BNP Paribas Financial Markets bought a new position in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter worth approximately $7,057,000. Bellwether Advisors LLC lifted its stake in shares of iShares U.S. Consumer Staples ETF by 44.3% in the 3rd quarter. Bellwether Advisors LLC now owns 180,603 shares of the company’s stock valued at $12,745,000 after purchasing an additional 55,464 shares during the period. Grimes & Company Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $3,233,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in iShares U.S. Consumer Staples ETF in the third quarter worth $1,461,000.

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.