iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 12-Month High – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $75.99 and last traded at $74.5490, with a volume of 270 shares. The stock had previously closed at $75.10.

iShares U.S. Consumer Staples ETF Trading Down 1.0%

The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. The business’s 50-day simple moving average is $68.60 and its two-hundred day simple moving average is $68.80.

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

Hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust bought a new stake in iShares U.S. Consumer Staples ETF during the second quarter valued at $29,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth about $32,000. First Horizon Corp acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at about $43,000. Davis Capital Management bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter valued at about $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares U.S. Consumer Staples ETF during the fourth quarter worth approximately $56,000.

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.