Royal Bank of Canada Raises Position in iShares U.S. Consumer Staples ETF $IYK

Royal Bank of Canada increased its stake in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 13.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 312,442 shares of the company’s stock after purchasing an additional 35,963 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Consumer Staples ETF were worth $21,879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in iShares U.S. Consumer Staples ETF during the first quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at $32,000. Assetmark Inc. purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the first quarter valued at $32,000. Reflection Asset Management bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth about $37,000. Finally, Arax Advisory Partners bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth about $45,000.

iShares U.S. Consumer Staples ETF Trading Up 0.2%

IYK stock opened at $74.75 on Thursday. iShares U.S. Consumer Staples ETF has a 12 month low of $65.21 and a 12 month high of $78.33. The company has a 50-day moving average price of $73.40 and a 200 day moving average price of $72.52. The stock has a market cap of $1.42 billion, a PE ratio of 20.18 and a beta of 0.40.

iShares U.S. Consumer Staples ETF 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. 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.