iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw unusually-high trading volume on Wednesday . Approximately 131,751 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 99,367 shares.The stock last traded at $70.46 and had previously closed at $71.64.

iShares U.S. Consumer Staples ETF Stock Up 0.4 %

The firm’s 50 day simple moving average is $68.79 and its two-hundred day simple moving average is $67.20. The stock has a market capitalization of $1.33 billion, a P/E ratio of 7.93 and a beta of 0.35.

Institutional Trading of iShares U.S. Consumer Staples ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at $72,000. Blankinship & Foster LLC lifted its position in iShares U.S. Consumer Staples ETF by 17.4% in the 4th quarter. Blankinship & Foster LLC now owns 2,466 shares of the company’s stock valued at $473,000 after acquiring an additional 366 shares in the last quarter. D.A. Davidson & CO. acquired a new position in iShares U.S. Consumer Staples ETF during the 4th quarter valued at about $532,000. Advisory Services Network LLC increased its holdings in iShares U.S. Consumer Staples ETF by 34.5% during the 4th quarter. Advisory Services Network LLC now owns 15,205 shares of the company’s stock worth $2,915,000 after purchasing an additional 3,897 shares in the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter worth approximately $397,000.

iShares U.S. Consumer Staples ETF Company Profile

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.