iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Should You Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-strong trading volume on Thursday . Approximately 187,949 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 122,309 shares.The stock last traded at $69.53 and had previously closed at $69.80.

iShares U.S. Consumer Staples ETF Price Performance

The firm has a market capitalization of $1.44 billion, a P/E ratio of 22.61 and a beta of 0.69. The firm’s fifty day moving average price is $67.96 and its 200-day moving average price is $68.54.

Institutional Trading of iShares U.S. Consumer Staples ETF

Several institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in iShares U.S. Consumer Staples ETF by 105.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,319 shares of the company’s stock valued at $414,000 after purchasing an additional 3,245 shares during the last quarter. Retirement Planning Group LLC NY acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth $493,000. Sunbelt Securities Inc. raised its position in shares of iShares U.S. Consumer Staples ETF by 1,293.8% during the fourth quarter. Sunbelt Securities Inc. now owns 6,272 shares of the company’s stock worth $410,000 after purchasing an additional 5,822 shares during the period. GTS Securities LLC acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 4th quarter valued at $340,000. Finally, Novak & Powell Financial Services Inc. boosted its position in shares of iShares U.S. Consumer Staples ETF by 70.7% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 5,804 shares of the company’s stock valued at $381,000 after purchasing an additional 2,403 shares during the period.

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.