Partners Wealth Management LLC Purchases New Shares in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Partners Wealth Management LLC acquired a new position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,932 shares of the company’s stock, valued at approximately $520,000.

A number of other institutional investors have also added to or reduced their stakes in IYK. BNP Paribas Financial Markets bought a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter valued at approximately $7,057,000. Bellwether Advisors LLC boosted its stake in iShares U.S. Consumer Staples ETF by 44.3% during the 3rd quarter. Bellwether Advisors LLC now owns 180,603 shares of the company’s stock valued at $12,745,000 after purchasing an additional 55,464 shares during the last quarter. Grimes & Company Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth $3,233,000. OneDigital Investment Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF in the third quarter worth $1,461,000. Finally, Sovran Advisors LLC bought a new position in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at $1,202,000.

iShares U.S. Consumer Staples ETF Stock Performance

IYK opened at $69.93 on Monday. The company’s 50-day simple moving average is $66.06 and its two-hundred day simple moving average is $68.43. iShares U.S. Consumer Staples ETF has a 52-week low of $63.18 and a 52-week high of $72.29. The stock has a market capitalization of $1.33 billion, a P/E ratio of 21.67 and a beta of 0.72.

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.