iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Still a Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw an uptick in trading volume on Friday . 499,422 shares were traded during trading, an increase of 22% from the previous session’s volume of 410,606 shares.The stock last traded at $71.42 and had previously closed at $70.25.

iShares U.S. Consumer Staples ETF Stock Performance

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 20.18 and a beta of 0.41. The company’s fifty day moving average is $70.88 and its two-hundred day moving average is $70.62.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IYK. Financial Life Planners acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 1st quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $32,000. Assetmark Inc. acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 1st quarter valued at $32,000. Reflection Asset Management acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $37,000. Finally, Arax Advisory Partners acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $45,000.

iShares U.S. Consumer Staples ETF Company 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. 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.