Hsbc Holdings PLC Acquires New Shares in iShares U.S. Consumer Staples ETF $IYK

Hsbc Holdings PLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 997,878 shares of the company’s stock, valued at approximately $71,418,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in iShares U.S. Consumer Staples ETF by 19.9% in the 1st quarter. LPL Financial LLC now owns 858,382 shares of the company’s stock valued at $61,434,000 after purchasing an additional 142,237 shares during the period. Bank of America Corp DE boosted its stake in iShares U.S. Consumer Staples ETF by 6.7% during the fourth quarter. Bank of America Corp DE now owns 573,620 shares of the company’s stock valued at $37,624,000 after buying an additional 35,963 shares during the period. Commonwealth Equity Services LLC grew its position in iShares U.S. Consumer Staples ETF by 301.1% during the first quarter. Commonwealth Equity Services LLC now owns 284,458 shares of the company’s stock worth $20,359,000 after buying an additional 213,545 shares in the last quarter. Bellwether Advisors LLC increased its stake in iShares U.S. Consumer Staples ETF by 15.7% in the 4th quarter. Bellwether Advisors LLC now owns 208,992 shares of the company’s stock worth $13,708,000 after acquiring an additional 28,389 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of iShares U.S. Consumer Staples ETF by 9.6% during the 1st quarter. Cetera Investment Advisers now owns 158,754 shares of the company’s stock valued at $11,362,000 after acquiring an additional 13,854 shares during the last quarter.

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

IYK stock opened at $71.68 on Thursday. The company’s 50 day moving average is $70.15 and its 200 day moving average is $69.99. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 20.18 and a beta of 0.74. iShares U.S. Consumer Staples ETF has a 1-year low of $63.18 and a 1-year high of $73.25.

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.