Novak & Powell Financial Services Inc. Purchases 2,403 Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Novak & Powell Financial Services Inc. raised its position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 70.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,804 shares of the company’s stock after purchasing an additional 2,403 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in iShares U.S. Consumer Staples ETF were worth $381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Analysts LLC grew its stake 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 worth $43,000 after purchasing an additional 453 shares during the last quarter. US Bancorp DE lifted its holdings in iShares U.S. Consumer Staples ETF by 53.7% in the 4th quarter. US Bancorp DE now owns 701 shares of the company’s stock worth $46,000 after buying an additional 245 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares U.S. Consumer Staples ETF by 311.5% in the 4th quarter. Farther Finance Advisors LLC now owns 716 shares of the company’s stock worth $47,000 after buying an additional 542 shares during the period. Financial Life Planners bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth approximately $58,000. Finally, IFP Advisors Inc increased its stake in shares of iShares U.S. Consumer Staples ETF by 168.8% during the fourth quarter. IFP Advisors Inc now owns 1,032 shares of the company’s stock valued at $68,000 after buying an additional 648 shares during the period.

iShares U.S. Consumer Staples ETF Stock Up 0.3%

Shares of iShares U.S. Consumer Staples ETF stock opened at $71.20 on Wednesday. The business has a 50 day moving average of $70.17 and a 200 day moving average of $68.57. iShares U.S. Consumer Staples ETF has a 52 week low of $63.18 and a 52 week high of $73.25. The company has a market cap of $1.51 billion, a PE ratio of 22.26 and a beta of 0.61.

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.