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 Tuesday . Approximately 496,868 shares changed hands during mid-day trading, an increase of 338% from the previous session’s volume of 113,349 shares.The stock last traded at $72.14 and had previously closed at $71.42.

iShares U.S. Consumer Staples ETF Price Performance

The stock has a market cap of $1.34 billion, a P/E ratio of 21.67 and a beta of 0.72. The company has a 50 day simple moving average of $66.55 and a 200-day simple moving average of $68.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Analysts LLC boosted its stake in iShares U.S. Consumer Staples ETF by 228.8% during the 4th quarter. Capital Analysts LLC now owns 651 shares of the company’s stock valued at $43,000 after purchasing an additional 453 shares during the last quarter. US Bancorp DE boosted its stake in shares of iShares U.S. Consumer Staples ETF by 53.7% during the 4th quarter. US Bancorp DE now owns 701 shares of the company’s stock worth $46,000 after acquiring an additional 245 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of iShares U.S. Consumer Staples ETF by 311.5% during the 4th quarter. Farther Finance Advisors LLC now owns 716 shares of the company’s stock valued at $47,000 after acquiring an additional 542 shares during the period. Financial Life Planners purchased a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at about $58,000. Finally, IFP Advisors Inc grew its stake in shares of iShares U.S. Consumer Staples ETF by 168.8% during the 4th quarter. IFP Advisors Inc now owns 1,032 shares of the company’s stock valued at $68,000 after acquiring an additional 648 shares during the period.

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.