Northwestern Mutual Wealth Management Co. Boosts Holdings in iShares U.S. Consumer Staples ETF $IYK

Northwestern Mutual Wealth Management Co. increased its position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 10,421.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,383,123 shares of the company’s stock after purchasing an additional 55,847,256 shares during the quarter. iShares U.S. Consumer Staples ETF accounts for 1.8% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 12th largest position. Northwestern Mutual Wealth Management Co. owned 325.91% of iShares U.S. Consumer Staples ETF worth $3,773,159,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Consumer Staples ETF by 3.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,807 shares of the company’s stock worth $2,030,000 after buying an additional 1,065 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of iShares U.S. Consumer Staples ETF in the second quarter worth about $605,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares U.S. Consumer Staples ETF in the second quarter worth about $185,000. NewEdge Advisors LLC boosted its holdings in iShares U.S. Consumer Staples ETF by 213.1% in the second quarter. NewEdge Advisors LLC now owns 73,292 shares of the company’s stock valued at $5,166,000 after purchasing an additional 49,887 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in iShares U.S. Consumer Staples ETF by 31.7% during the 2nd quarter. Quantinno Capital Management LP now owns 4,907 shares of the company’s stock valued at $346,000 after purchasing an additional 1,180 shares in the last quarter.

iShares U.S. Consumer Staples ETF Stock Down 0.4%

IYK stock opened at $72.23 on Friday. The stock’s 50 day moving average is $70.88 and its two-hundred day moving average is $70.17. iShares U.S. Consumer Staples ETF has a 52-week low of $65.21 and a 52-week high of $77.70. The company has a market capitalization of $1.39 billion, a PE ratio of 20.18 and a beta of 0.42.

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.