iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Hits New 52-Week High – Still a Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.99 and last traded at $74.5490, with a volume of 270 shares trading hands. The stock had previously closed at $75.10.

iShares U.S. Consumer Staples ETF Stock Performance

The stock’s 50 day simple moving average is $68.84 and its 200 day simple moving average is $68.86. The firm has a market cap of $1.29 billion, a PE ratio of 20.18 and a beta of 0.50.

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

A number of large investors have recently added to or reduced their stakes in IYK. Parkside Financial Bank & Trust bought a new stake in iShares U.S. Consumer Staples ETF during the second quarter worth about $29,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at about $32,000. First Horizon Corp bought a new stake in iShares U.S. Consumer Staples ETF in the 3rd quarter worth approximately $43,000. Davis Capital Management bought a new stake in iShares U.S. Consumer Staples ETF in the 3rd quarter worth approximately $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter worth approximately $56,000.

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.