iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Stock Price Up 0.6% – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s share price traded up 0.6% during trading on Monday . The company traded as high as $72.09 and last traded at $71.91. 278,745 shares changed hands during trading, a decline of 3% from the average session volume of 285,993 shares. The stock had previously closed at $71.47.

iShares U.S. Consumer Staples ETF Stock Up 0.6%

The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. The firm has a 50 day moving average of $68.22 and a two-hundred day moving average of $68.69.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IYK. Parkside Financial Bank & Trust acquired a new position in shares of iShares U.S. Consumer Staples ETF during the second quarter worth $29,000. Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Consumer Staples ETF during the 4th quarter worth $32,000. First Horizon Corp acquired a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter worth about $43,000. Davis Capital Management bought a new position in iShares U.S. Consumer Staples ETF in the third quarter valued at about $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $56,000.

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.