iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Reaches New 12-Month High – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $80.53 and last traded at $80.7210, with a volume of 87,183 shares. The stock had previously closed at $79.78.

iShares U.S. Consumer Staples ETF Stock Down 0.9%

The company has a market capitalization of $1.51 billion, a P/E ratio of 24.24 and a beta of 0.38. The business has a 50 day simple moving average of $74.67 and a 200-day simple moving average of $73.27.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bangor Savings Bank acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter worth about $29,000. Manchester Capital Management LLC acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter worth approximately $31,000. Assetmark Inc. bought a new position in iShares U.S. Consumer Staples ETF during the 1st quarter worth $32,000. Highland Investment Advisors LLC acquired a new position in iShares U.S. Consumer Staples ETF in the second quarter valued at about $34,000. Finally, Latitude Advisors LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter worth approximately $41,000.

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.