iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Hits New 52-Week High – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Get Free Report)’s share price reached a new 52-week high during trading on Friday. The stock traded as high as $79.17 and last traded at $78.2950, with a volume of 99,504 shares. The stock had previously closed at $77.19.

iShares U.S. Consumer Staples ETF Trading Up 1.4%

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. The company has a fifty day moving average of $74.28 and a 200-day moving average of $72.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hilltop Holdings Inc. acquired a new stake in iShares U.S. Consumer Staples ETF in the first quarter valued at $1,082,000. B. Riley Wealth Advisors Inc. acquired a new stake in iShares U.S. Consumer Staples ETF during the third quarter worth approximately $1,557,000. Private Advisor Group LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 256.8% during the 1st quarter. Private Advisor Group LLC now owns 29,382 shares of the company’s stock worth $2,058,000 after buying an additional 21,146 shares during the last quarter. Envision Financial Transparency LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at $1,305,000. Finally, S&A Financial Services Inc. acquired a new stake in iShares U.S. Consumer Staples ETF during the 1st quarter worth $1,462,000.

iShares U.S. Consumer Staples ETF Company Profile

(Get Free Report)

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. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.

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