iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Hits New 12-Month High – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares reached a new 52-week high on Tuesday . The stock traded as high as $77.90 and last traded at $77.90, with a volume of 20663 shares trading hands. The stock had previously closed at $75.37.

iShares U.S. Consumer Staples ETF Stock Performance

The firm has a market cap of $1.45 billion, a P/E ratio of 20.18 and a beta of 0.40. The firm’s fifty day simple moving average is $73.00 and its 200 day simple moving average is $72.15.

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

Several institutional investors have recently added to or reduced their stakes in the company. Partners Wealth Management LLC increased its stake in iShares U.S. Consumer Staples ETF by 1.8% in the 4th quarter. Partners Wealth Management LLC now owns 8,457 shares of the company’s stock worth $566,000 after acquiring an additional 150 shares during the last quarter. Symphony Financial Services Inc. boosted its position in shares of iShares U.S. Consumer Staples ETF by 3.4% during the 4th quarter. Symphony Financial Services Inc. now owns 4,588 shares of the company’s stock valued at $307,000 after acquiring an additional 150 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of iShares U.S. Consumer Staples ETF by 1.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,763 shares of the company’s stock valued at $736,000 after acquiring an additional 154 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of iShares U.S. Consumer Staples ETF by 1.0% in the fourth quarter. IHT Wealth Management LLC now owns 15,951 shares of the company’s stock valued at $1,067,000 after purchasing an additional 154 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in iShares U.S. Consumer Staples ETF by 1.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,348 shares of the company’s stock worth $759,000 after purchasing an additional 182 shares during the last quarter.

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.