Conservest Capital Advisors Inc. Has $2.61 Million Stock Position in iShares U.S. Consumer Staples ETF $IYK

Conservest Capital Advisors Inc. cut its holdings in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 16.3% in the 1st quarter, Holdings Channel reports. The firm owned 37,249 shares of the company’s stock after selling 7,278 shares during the period. Conservest Capital Advisors Inc.’s holdings in iShares U.S. Consumer Staples ETF were worth $2,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IYK. Financial Life Planners bought a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 4th quarter worth $32,000. Reflection Asset Management bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 4th quarter worth $37,000. Arax Advisory Partners acquired a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $56,000.

iShares U.S. Consumer Staples ETF Trading Down 1.5%

Shares of NYSEARCA IYK opened at $73.09 on Wednesday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. iShares U.S. Consumer Staples ETF has a 12 month low of $65.21 and a 12 month high of $77.70. The stock has a 50-day moving average price of $72.55 and a two-hundred day moving average price of $71.67.

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. 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.