iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw strong trading volume on Friday. Approximately 500,162 shares traded hands during trading, an increase of 43% from the previous session’s volume of 350,885 shares. The stock last traded at $77.1770 and had previously closed at $76.16.

iShares U.S. Consumer Staples ETF Trading Up 0.9%

The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. The firm has a 50 day moving average price of $73.73 and a two-hundred day moving average price of $72.83.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IYK. Cyndeo Wealth Partners LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 4.5% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 14,341 shares of the company’s stock valued at $1,014,000 after acquiring an additional 613 shares in the last quarter. R2 Capital Strategies LLC grew its stake in shares of iShares U.S. Consumer Staples ETF by 9.3% in the third quarter. R2 Capital Strategies LLC now owns 24,511 shares of the company’s stock valued at $1,734,000 after buying an additional 2,084 shares in the last quarter. Adirondack Trust Co. acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the third quarter valued at about $152,000. Signal Advisors Wealth LLC raised its holdings in shares of iShares U.S. Consumer Staples ETF by 70.2% during the 3rd quarter. Signal Advisors Wealth LLC now owns 28,749 shares of the company’s stock valued at $2,033,000 after buying an additional 11,854 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter worth approximately $1,557,000.

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.