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

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw strong trading volume on Wednesday . 553,333 shares were traded during trading, an increase of 302% from the previous session’s volume of 137,508 shares.The stock last traded at $69.15 and had previously closed at $67.29.

iShares U.S. Consumer Staples ETF Price Performance

The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 21.94 and a beta of 0.69. The company has a 50-day simple moving average of $69.35 and a two-hundred day simple moving average of $68.37.

Institutional Trading of iShares U.S. Consumer Staples ETF

Several hedge funds have recently bought and sold shares of IYK. Capital Analysts LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 228.8% in the fourth quarter. Capital Analysts LLC now owns 651 shares of the company’s stock valued at $43,000 after buying an additional 453 shares during the period. Parallel Advisors LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the first quarter worth $49,000. US Bancorp DE boosted its position in iShares U.S. Consumer Staples ETF by 53.7% during the 4th quarter. US Bancorp DE now owns 701 shares of the company’s stock worth $46,000 after acquiring an additional 245 shares during the period. Farther Finance Advisors LLC grew its position in iShares U.S. Consumer Staples ETF by 311.5% during the fourth quarter. Farther Finance Advisors LLC now owns 716 shares of the company’s stock valued at $47,000 after purchasing an additional 542 shares in the last quarter. Finally, Financial Life Planners acquired a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter worth $58,000.

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.