Welch Group LLC Buys New Holdings in iShares U.S. Consumer Staples ETF $IYK

Welch Group LLC purchased a new position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,467 shares of the company’s stock, valued at approximately $767,000. Welch Group LLC owned approximately 0.07% of iShares U.S. Consumer Staples ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IYK. Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $32,000. First Horizon Corp bought a new stake in iShares U.S. Consumer Staples ETF in the 3rd quarter valued at $43,000. Davis Capital Management purchased a new stake in iShares U.S. Consumer Staples ETF in the 3rd quarter worth $50,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at about $56,000. Finally, Millstone Evans Group LLC boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 36.3% during the 3rd quarter. Millstone Evans Group LLC now owns 1,105 shares of the company’s stock valued at $76,000 after purchasing an additional 294 shares during the last quarter.

iShares U.S. Consumer Staples ETF Trading Up 0.5%

Shares of IYK stock opened at $69.60 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 20.18 and a beta of 0.44. iShares U.S. Consumer Staples ETF has a 12-month low of $65.21 and a 12-month high of $77.70. The stock’s 50-day moving average price is $72.67 and its 200-day moving average price is $69.83.

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.