HighTower Advisors LLC lessened its holdings in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Free Report) by 14.0% during the fourth quarter, HoldingsChannel reports. The firm owned 6,839 shares of the company’s stock after selling 1,117 shares during the quarter. HighTower Advisors LLC’s holdings in iShares U.S. Consumer Staples ETF were worth $449,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in iShares U.S. Consumer Staples ETF during the 4th quarter worth approximately $6,707,000. BNP Paribas Financial Markets bought a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter worth $7,057,000. Grimes & Company Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter worth $3,233,000. Wall Street Financial Group Inc. increased its holdings in shares of iShares U.S. Consumer Staples ETF by 14.4% during the fourth quarter. Wall Street Financial Group Inc. now owns 46,995 shares of the company’s stock worth $3,082,000 after buying an additional 5,920 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 39.2% during the 3rd quarter. Bank of Montreal Can now owns 33,892 shares of the company’s stock valued at $2,389,000 after acquiring an additional 9,549 shares in the last quarter.
iShares U.S. Consumer Staples ETF Stock Down 0.3 %
Shares of IYK stock opened at $70.59 on Monday. iShares U.S. Consumer Staples ETF has a twelve month low of $63.18 and a twelve month high of $73.25. The stock’s fifty day simple moving average is $68.53 and its 200 day simple moving average is $68.44. The firm has a market capitalization of $1.49 billion, a P/E ratio of 21.94 and a beta of 0.69.
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.
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