iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Hits New 12-Month High – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $77.90 and last traded at $77.90, with a volume of 20663 shares trading hands. The stock had previously closed at $75.37.

iShares U.S. Consumer Staples ETF Stock Performance

The business’s fifty day moving average price is $73.00 and its 200-day moving average price is $72.15. The stock has a market cap of $1.45 billion, a PE ratio of 20.18 and a beta of 0.40.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its position in iShares U.S. Consumer Staples ETF by 7.1% in the 2nd quarter. CoreCap Advisors LLC now owns 4,332 shares of the company’s stock worth $315,000 after purchasing an additional 287 shares during the period. S&A Financial Services Inc. bought a new position in shares of iShares U.S. Consumer Staples ETF during the 1st quarter valued at $1,462,000. NewEdge Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 2.8% during the 1st quarter. NewEdge Advisors LLC now owns 46,550 shares of the company’s stock valued at $3,260,000 after buying an additional 1,267 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of iShares U.S. Consumer Staples ETF by 9.4% in the 1st quarter. Arkadios Wealth Advisors now owns 11,094 shares of the company’s stock worth $777,000 after buying an additional 956 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter worth $477,000.

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.