iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 52-Week High – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s stock price reached a new 52-week high during mid-day trading on Friday. The company traded as high as $79.17 and last traded at $78.2950, with a volume of 99,504 shares traded. The stock had previously closed at $77.19.

iShares U.S. Consumer Staples ETF Price Performance

The firm has a market capitalization of $1.37 billion, a PE ratio of 20.18 and a beta of 0.40. The business’s 50-day moving average price is $74.28 and its 200-day moving average price is $72.98.

Institutional Trading of iShares U.S. Consumer Staples ETF

Large investors have recently made changes to their positions in the stock. Financial Life Planners purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the 1st quarter valued at $25,000. Bangor Savings Bank acquired a new stake in iShares U.S. Consumer Staples ETF during the 3rd quarter valued at $29,000. Manchester Capital Management LLC purchased a new stake in iShares U.S. Consumer Staples ETF during the 3rd quarter worth $31,000. Assetmark Inc. purchased a new position in iShares U.S. Consumer Staples ETF in the 1st quarter valued at about $32,000. Finally, Highland Investment Advisors LLC purchased a new stake in iShares U.S. Consumer Staples ETF during the 2nd quarter worth approximately $34,000.

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.