iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw an uptick in trading volume on Tuesday . 148,705 shares traded hands during trading, an increase of 77% from the previous session’s volume of 83,789 shares.The stock last traded at $64.80 and had previously closed at $64.36.

iShares U.S. Consumer Staples ETF Price Performance

The firm has a 50-day moving average of $67.89 and a 200-day moving average of $68.57. The stock has a market cap of $1.21 billion, a PE ratio of 7.93 and a beta of 0.35.

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

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 11.9% in the 3rd quarter. Raymond James & Associates now owns 55,991 shares of the company’s stock valued at $3,951,000 after acquiring an additional 5,968 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of iShares U.S. Consumer Staples ETF by 39.2% in the 3rd quarter. Bank of Montreal Can now owns 33,892 shares of the company’s stock valued at $2,389,000 after purchasing an additional 9,549 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter worth approximately $773,000. CWM LLC increased its position in shares of iShares U.S. Consumer Staples ETF by 15.0% during the 3rd quarter. CWM LLC now owns 11,787 shares of the company’s stock valued at $832,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in iShares U.S. Consumer Staples ETF during the 3rd quarter valued at $28,000.

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.