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

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $78.39 and last traded at $78.4260, with a volume of 170,382 shares. The stock had previously closed at $76.64.

iShares U.S. Consumer Staples ETF Stock Up 2.8%

The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. The business’s 50-day moving average is $73.96 and its 200-day moving average is $73.03.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of hedge funds have recently added to or reduced their stakes in IYK. Unique Wealth LLC purchased a new position in iShares U.S. Consumer Staples ETF during the first quarter worth approximately $6,503,000. Royal Bank of Canada increased its position in shares of iShares U.S. Consumer Staples ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock valued at $21,879,000 after buying an additional 35,963 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares U.S. Consumer Staples ETF by 46.0% in the second quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock valued at $5,754,000 after buying an additional 24,941 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the first quarter valued at approximately $1,632,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter worth approximately $1,557,000.

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.