Envestnet Asset Management Inc. Reduces Position in iShares U.S. Consumer Staples ETF $IYK

Envestnet Asset Management Inc. trimmed its position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,637 shares of the company’s stock after selling 2,259 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.27% of iShares U.S. Consumer Staples ETF worth $3,851,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IYK. Whittier Trust Co. of Nevada Inc. increased its holdings in iShares U.S. Consumer Staples ETF by 504.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 750 shares of the company’s stock valued at $54,000 after buying an additional 626 shares during the last quarter. Nova Wealth Management Inc. boosted its position in shares of iShares U.S. Consumer Staples ETF by 286.3% during the 2nd quarter. Nova Wealth Management Inc. now owns 815 shares of the company’s stock worth $57,000 after acquiring an additional 604 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of iShares U.S. Consumer Staples ETF by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $60,000 after acquiring an additional 163 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at about $126,000. Finally, NorthRock Partners LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 337.8% during the 1st quarter. NorthRock Partners LLC now owns 1,865 shares of the company’s stock worth $133,000 after acquiring an additional 1,439 shares in the last quarter.

iShares U.S. Consumer Staples ETF Stock Down 0.1%

IYK stock opened at $67.95 on Friday. The business has a 50 day moving average price of $68.27 and a 200 day moving average price of $69.60. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. iShares U.S. Consumer Staples ETF has a fifty-two week low of $63.18 and a fifty-two week high of $73.25.

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.