iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw unusually-strong trading volume on Thursday . Approximately 686,296 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 346,032 shares.The stock last traded at $76.8340 and had previously closed at $76.51.

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

The stock has a market cap of $1.32 billion, a P/E ratio of 20.18 and a beta of 0.50. The business has a 50-day simple moving average of $70.68 and a 200-day simple moving average of $69.37.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Partners Wealth Management LLC grew its position in iShares U.S. Consumer Staples ETF by 1.8% in the 4th quarter. Partners Wealth Management LLC now owns 8,457 shares of the company’s stock worth $566,000 after purchasing an additional 150 shares during the last quarter. Symphony Financial Services Inc. raised its stake in shares of iShares U.S. Consumer Staples ETF by 3.4% in the fourth quarter. Symphony Financial Services Inc. now owns 4,588 shares of the company’s stock valued at $307,000 after purchasing an additional 150 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in iShares U.S. Consumer Staples ETF by 1.5% in the third quarter. Kestra Private Wealth Services LLC now owns 10,763 shares of the company’s stock worth $736,000 after purchasing an additional 154 shares during the period. IHT Wealth Management LLC increased its holdings in iShares U.S. Consumer Staples ETF by 1.0% in the 4th quarter. IHT Wealth Management LLC now owns 15,951 shares of the company’s stock valued at $1,067,000 after buying an additional 154 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of iShares U.S. Consumer Staples ETF by 6.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,729 shares of the company’s stock valued at $187,000 after buying an additional 158 shares in 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.