iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYKGet Free Report) saw strong trading volume on Tuesday . 1,713,808 shares were traded during mid-day trading, an increase of 310% from the previous session’s volume of 418,110 shares.The stock last traded at $72.80 and had previously closed at $72.88.

iShares U.S. Consumer Staples ETF Stock Up 0.2%

The firm has a fifty day simple moving average of $70.88 and a 200-day simple moving average of $70.21. The company has a market capitalization of $1.41 billion, a P/E ratio of 20.18 and a beta of 0.42.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

Several large investors have recently made changes to their positions in IYK. Financial Life Planners bought a new position in shares of iShares U.S. Consumer Staples ETF during the first quarter worth about $25,000. Assetmark Inc. bought a new position in iShares U.S. Consumer Staples ETF in the first quarter valued at $32,000. Flagship Harbor Advisors LLC bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at $32,000. Reflection Asset Management bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at $37,000. Finally, Arax Advisory Partners bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at $45,000.

About iShares U.S. Consumer Staples ETF

(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.

Further Reading

Receive News & Ratings for iShares U.S. Consumer Staples ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Consumer Staples ETF and related companies with MarketBeat.com's FREE daily email newsletter.