Deepwater Asset Management LLC Makes New $1.79 Million Investment in iShares U.S. Consumer Staples ETF $IYK

Deepwater Asset Management LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) in the third quarter, HoldingsChannel reports. The institutional investor purchased 26,139 shares of the company’s stock, valued at approximately $1,788,000. iShares U.S. Consumer Staples ETF makes up about 0.7% of Deepwater Asset Management LLC’s holdings, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. PGIM Custom Harvest LLC raised its stake in iShares U.S. Consumer Staples ETF by 1.0% during the 2nd quarter. PGIM Custom Harvest LLC now owns 1,575,322 shares of the company’s stock valued at $111,029,000 after purchasing an additional 16,108 shares during the last quarter. Bank of America Corp DE grew its position in iShares U.S. Consumer Staples ETF by 54.2% in the 2nd quarter. Bank of America Corp DE now owns 961,699 shares of the company’s stock worth $67,781,000 after purchasing an additional 338,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Consumer Staples ETF by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 536,501 shares of the company’s stock worth $37,813,000 after purchasing an additional 13,604 shares during the period. Commonwealth Equity Services LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 280.2% during the third quarter. Commonwealth Equity Services LLC now owns 260,660 shares of the company’s stock valued at $17,827,000 after buying an additional 192,106 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of iShares U.S. Consumer Staples ETF by 1,977.7% in the second quarter. Captrust Financial Advisors now owns 186,389 shares of the company’s stock valued at $13,137,000 after buying an additional 177,418 shares during the period.

iShares U.S. Consumer Staples ETF Stock Down 1.7%

IYK stock opened at $75.46 on Wednesday. iShares U.S. Consumer Staples ETF has a twelve month low of $65.21 and a twelve month high of $77.70. The company has a market cap of $1.31 billion, a PE ratio of 20.18 and a beta of 0.50. The business’s 50-day simple moving average is $71.44 and its 200 day simple moving average is $69.54.

iShares U.S. Consumer Staples ETF 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. 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.