iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Should You Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw an uptick in trading volume on Monday . 268,109 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 138,133 shares.The stock last traded at $66.43 and had previously closed at $66.36.

iShares U.S. Consumer Staples ETF Price Performance

The business’s fifty day moving average price is $66.57 and its 200-day moving average price is $68.47. The stock has a market capitalization of $1.23 billion, a PE ratio of 7.93 and a beta of 0.35.

Institutional Trading of iShares U.S. Consumer Staples ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its position in iShares U.S. Consumer Staples ETF by 1.2% in the 2nd quarter. Creative Planning now owns 25,366 shares of the company’s stock worth $1,668,000 after buying an additional 300 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter worth approximately $773,000. Brookstone Capital Management boosted its stake in shares of iShares U.S. Consumer Staples ETF by 5.6% in the 3rd quarter. Brookstone Capital Management now owns 4,812 shares of the company’s stock valued at $340,000 after purchasing an additional 254 shares in the last quarter. CWM LLC grew its holdings in shares of iShares U.S. Consumer Staples ETF by 15.0% during the 3rd quarter. CWM LLC now owns 11,787 shares of the company’s stock valued at $832,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Stillwater Capital Advisors LLC grew its holdings in shares of iShares U.S. Consumer Staples ETF by 18.3% during the 3rd quarter. Stillwater Capital Advisors LLC now owns 16,543 shares of the company’s stock valued at $1,167,000 after purchasing an additional 2,563 shares during the last quarter.

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.