Schmidt P J Investment Management Inc. Lowers Position in iShares U.S. Consumer Staples ETF $IYK

Schmidt P J Investment Management Inc. cut its holdings in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 45.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,490 shares of the company’s stock after selling 5,467 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in iShares U.S. Consumer Staples ETF were worth $457,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 55.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,843 shares of the company’s stock valued at $704,000 after buying an additional 3,524 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the first quarter valued at about $812,000. Private Trust Co. NA lifted its position in shares of iShares U.S. Consumer Staples ETF by 102.0% during the first quarter. Private Trust Co. NA now owns 606 shares of the company’s stock valued at $43,000 after buying an additional 306 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the first quarter valued at about $236,000. Finally, Focus Financial Network Inc. lifted its position in shares of iShares U.S. Consumer Staples ETF by 106.7% during the second quarter. Focus Financial Network Inc. now owns 6,529 shares of the company’s stock valued at $460,000 after buying an additional 3,371 shares during the last quarter.

iShares U.S. Consumer Staples ETF Stock Performance

IYK stock opened at $69.20 on Monday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 20.18 and a beta of 0.74. The firm has a 50-day simple moving average of $69.19 and a two-hundred day simple moving average of $69.93. iShares U.S. Consumer Staples ETF has a one year low of $63.18 and a one year high of $73.25.

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.