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-high trading volume on Thursday. Approximately 892,538 shares traded hands during mid-day trading, an increase of 156% from the previous session’s volume of 348,083 shares. The stock last traded at $73.44 and had previously closed at $71.89.

iShares U.S. Consumer Staples ETF Price Performance

The company has a market cap of $1.66 billion, a PE ratio of 20.18 and a beta of 0.40. The business has a fifty day simple moving average of $73.75 and a two-hundred day simple moving average of $72.62.

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

Institutional investors have recently added to or reduced their stakes in the stock. Steph & Co. purchased a new position in iShares U.S. Consumer Staples ETF in the third quarter valued at about $108,000. Bangor Savings Bank bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at about $29,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at about $416,000. Envestnet Asset Management Inc. grew its position in shares of iShares U.S. Consumer Staples ETF by 46.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock worth $5,754,000 after buying an additional 24,941 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas bought a new position in shares of iShares U.S. Consumer Staples ETF during the 2nd quarter worth approximately $242,000.

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.