iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 1-Year High – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s stock price reached a new 52-week high on Thursday. The company traded as high as $80.53 and last traded at $80.7210, with a volume of 87,183 shares. The stock had previously closed at $79.78.

iShares U.S. Consumer Staples ETF Trading Down 0.3%

The company’s fifty day moving average is $74.53 and its two-hundred day moving average is $73.18. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 24.24 and a beta of 0.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter valued at about $12,142,000. Royal Bank of Canada increased its stake in iShares U.S. Consumer Staples ETF by 13.0% during the first quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock worth $21,879,000 after purchasing an additional 35,963 shares during the period. Consolidated Investment Group LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter worth about $1,973,000. Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Consumer Staples ETF by 46.0% during the second quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock worth $5,754,000 after purchasing an additional 24,941 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF during the first quarter worth about $1,632,000.

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. 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.