iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Stock Price Up 0.6% – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s stock price shot up 0.6% during trading on Monday . The stock traded as high as $72.09 and last traded at $71.91. 278,745 shares were traded during trading, a decline of 3% from the average session volume of 285,993 shares. The stock had previously closed at $71.47.

iShares U.S. Consumer Staples ETF Stock Performance

The business has a 50 day simple moving average of $68.22 and a 200-day simple moving average of $68.69. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IYK. Partners Wealth Management LLC grew its stake in shares of 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 in the last quarter. Kestra Private Wealth Services LLC lifted 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 worth $736,000 after buying an additional 154 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iShares U.S. Consumer Staples ETF by 6.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,729 shares of the company’s stock worth $187,000 after buying an additional 158 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of iShares U.S. Consumer Staples ETF by 1.6% in the second quarter. Bank of Montreal Can now owns 10,917 shares of the company’s stock valued at $769,000 after acquiring an additional 167 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of iShares U.S. Consumer Staples ETF by 4.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 4,531 shares of the company’s stock valued at $310,000 after acquiring an additional 192 shares during the last quarter.

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. 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.