iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-strong trading volume on Tuesday . Approximately 584,146 shares traded hands during mid-day trading, an increase of 294% from the previous session’s volume of 148,221 shares.The stock last traded at $66.62 and had previously closed at $66.55.

iShares U.S. Consumer Staples ETF Stock Performance

The business’s 50-day moving average is $66.21 and its two-hundred day moving average is $68.45. The stock has a market capitalization of $1.25 billion, a PE ratio of 7.93 and a beta of 0.35.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of iShares U.S. Consumer Staples ETF by 2,551,160.4% during the 3rd quarter. International Assets Investment Management LLC now owns 26,864,772 shares of the company’s stock worth $1,895,847,000 after buying an additional 26,863,719 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter worth $6,707,000. BNP Paribas Financial Markets acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter worth $7,057,000. Bellwether Advisors LLC raised its stake in shares of iShares U.S. Consumer Staples ETF by 44.3% during the 3rd quarter. Bellwether Advisors LLC now owns 180,603 shares of the company’s stock worth $12,745,000 after buying an additional 55,464 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new position in iShares U.S. Consumer Staples ETF in the 4th quarter valued at about $3,233,000.

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.