iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 12-Month High – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Get Free Report) shares hit a new 52-week high on Thursday. The stock traded as high as $80.53 and last traded at $80.7210, with a volume of 87,183 shares. The stock had previously closed at $79.78.

iShares U.S. Consumer Staples ETF Trading Down 0.3%

The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.24 and a beta of 0.38. The stock’s fifty day simple moving average is $74.53 and its 200-day simple moving average is $73.18.

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

Several institutional investors have recently modified their holdings of IYK. Consolidated Investment Group LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter worth $1,973,000. StoneX Group Inc. acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the third quarter valued at $293,000. Parallel Advisors LLC boosted its holdings in iShares U.S. Consumer Staples ETF by 95.7% in the third quarter. Parallel Advisors LLC now owns 1,350 shares of the company’s stock valued at $95,000 after purchasing an additional 660 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in iShares U.S. Consumer Staples ETF by 38.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 974 shares of the company’s stock valued at $69,000 after purchasing an additional 269 shares during the period. Finally, Canvas Wealth Advisors LLC purchased a new position in iShares U.S. Consumer Staples ETF in the third quarter valued at $207,000.

iShares U.S. Consumer Staples ETF Company Profile

(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

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