iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Unusually-High Trading Volume – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-high trading volume on Monday . Approximately 268,109 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 138,133 shares.The stock last traded at $66.43 and had previously closed at $66.36.

iShares U.S. Consumer Staples ETF Stock Up 0.1 %

The stock’s 50-day simple moving average is $66.74 and its two-hundred day simple moving average is $68.49. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35.

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

A number of hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC acquired a new stake in iShares U.S. Consumer Staples ETF during the third quarter worth about $28,000. Financial Life Planners purchased a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $58,000. Western Pacific Wealth Management LP acquired a new position in shares of iShares U.S. Consumer Staples ETF in the third quarter worth $116,000. Allworth Financial LP increased its holdings in iShares U.S. Consumer Staples ETF by 836.2% during the 4th quarter. Allworth Financial LP now owns 2,303 shares of the company’s stock worth $149,000 after purchasing an additional 2,057 shares during the period. Finally, Fiera Capital Corp purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter worth approximately $212,000.

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.