iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw strong trading volume on Thursday . 686,296 shares traded hands during trading, an increase of 98% from the previous session’s volume of 346,032 shares.The stock last traded at $76.8340 and had previously closed at $76.51.

iShares U.S. Consumer Staples ETF Stock Performance

The firm has a market cap of $1.32 billion, a P/E ratio of 20.18 and a beta of 0.50. The company has a 50-day moving average of $70.68 and a 200 day moving average of $69.37.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in iShares U.S. Consumer Staples ETF by 570.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 52,563 shares of the company’s stock valued at $3,595,000 after buying an additional 44,720 shares during the last quarter. Commonwealth Equity Services LLC grew its position in iShares U.S. Consumer Staples ETF by 280.2% in the third quarter. Commonwealth Equity Services LLC now owns 260,660 shares of the company’s stock valued at $17,827,000 after purchasing an additional 192,106 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in iShares U.S. Consumer Staples ETF during the 2nd quarter worth about $1,844,000. Arkadios Wealth Advisors bought a new stake in iShares U.S. Consumer Staples ETF during the second quarter worth about $293,000. Finally, Global Retirement Partners LLC acquired a new position in iShares U.S. Consumer Staples ETF during the second quarter worth $486,000.

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.