iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 52-Week High – Still a Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) reached a new 52-week high during trading on Tuesday . The company traded as high as $77.00 and last traded at $76.3890, with a volume of 62652 shares. The stock had previously closed at $76.54.

iShares U.S. Consumer Staples ETF Stock Up 0.4%

The stock has a market capitalization of $1.33 billion, a PE ratio of 20.18 and a beta of 0.50. The stock’s 50 day moving average price is $70.68 and its 200-day moving average price is $69.37.

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

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares U.S. Consumer Staples ETF by 10,421.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 56,383,123 shares of the company’s stock worth $3,773,159,000 after purchasing an additional 55,847,256 shares in the last quarter. PGIM Custom Harvest LLC boosted its stake in iShares U.S. Consumer Staples ETF by 1.0% in the 2nd quarter. PGIM Custom Harvest LLC now owns 1,575,322 shares of the company’s stock worth $111,029,000 after purchasing an additional 16,108 shares during the period. Bank of America Corp DE grew its holdings in iShares U.S. Consumer Staples ETF by 54.2% during the 2nd quarter. Bank of America Corp DE now owns 961,699 shares of the company’s stock valued at $67,781,000 after buying an additional 338,017 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 9.5% during the fourth quarter. LPL Financial LLC now owns 945,393 shares of the company’s stock valued at $63,266,000 after buying an additional 82,230 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 10.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 538,120 shares of the company’s stock worth $36,011,000 after buying an additional 52,463 shares in the last quarter.

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.