iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Get Free Report) shares saw strong trading volume on Thursday . 3,069,938 shares changed hands during mid-day trading, an increase of 828% from the previous session’s volume of 330,655 shares.The stock last traded at $71.7650 and had previously closed at $72.16.
iShares U.S. Consumer Staples ETF Trading Down 0.5%
The company has a market cap of $1.40 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. The stock’s 50 day moving average price is $74.46 and its 200 day moving average price is $72.68.
Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF
A number of large investors have recently bought and sold shares of the stock. WealthSpring Partners LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $6,505,000. Unique Wealth LLC acquired a new stake in iShares U.S. Consumer Staples ETF during the 1st quarter worth approximately $6,503,000. Royal Bank of Canada increased its position in iShares U.S. Consumer Staples ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock worth $21,879,000 after purchasing an additional 35,963 shares in the last quarter. Matthew Goff Investment Advisor LLC acquired a new position in iShares U.S. Consumer Staples ETF during the first quarter valued at approximately $1,822,000. Finally, Envestnet Asset Management Inc. grew its stake in iShares U.S. Consumer Staples ETF by 46.0% during the second quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock worth $5,754,000 after buying an additional 24,941 shares during the period.
About iShares U.S. Consumer Staples ETF
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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