iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Hits New 12-Month High – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $78.39 and last traded at $78.4260, with a volume of 170,382 shares traded. The stock had previously closed at $76.64.

iShares U.S. Consumer Staples ETF Stock Performance

The stock’s 50 day simple moving average is $73.96 and its 200-day simple moving average is $73.03. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40.

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

A number of large investors have recently made changes to their positions in IYK. Brookstone Capital Management purchased a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter worth $388,000. Smith Chas P & Associates PA Cpas lifted its position in iShares U.S. Consumer Staples ETF by 39.2% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 4,637 shares of the company’s stock worth $358,000 after acquiring an additional 1,307 shares during the period. Lakeshore Capital Group Inc. grew its stake in iShares U.S. Consumer Staples ETF by 8.2% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 12,019 shares of the company’s stock valued at $850,000 after purchasing an additional 907 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in iShares U.S. Consumer Staples ETF during the 3rd quarter valued at about $329,000. Finally, Fairvoy Private Wealth LLC grew its stake in iShares U.S. Consumer Staples ETF by 33.4% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 5,196 shares of the company’s stock valued at $368,000 after purchasing an additional 1,301 shares during the last quarter.

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.