Concurrent Investment Advisors LLC Grows Stock Position in iShares U.S. Consumer Staples ETF $IYK

Concurrent Investment Advisors LLC boosted its stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,895 shares of the company’s stock after acquiring an additional 933 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Consumer Staples ETF were worth $627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in iShares U.S. Consumer Staples ETF in the 1st quarter worth approximately $288,000. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 55.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,843 shares of the company’s stock valued at $704,000 after purchasing an additional 3,524 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at approximately $812,000. Private Trust Co. NA raised its position in shares of iShares U.S. Consumer Staples ETF by 102.0% in the 1st quarter. Private Trust Co. NA now owns 606 shares of the company’s stock valued at $43,000 after purchasing an additional 306 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at approximately $236,000.

iShares U.S. Consumer Staples ETF Stock Up 1.2%

Shares of IYK opened at $69.37 on Friday. The business’s 50 day moving average is $69.27 and its two-hundred day moving average is $69.91. iShares U.S. Consumer Staples ETF has a 52-week low of $63.18 and a 52-week high of $73.25. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 20.18 and a beta of 0.74.

iShares U.S. Consumer Staples ETF 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.