iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-high trading volume on Tuesday . Approximately 1,713,808 shares traded hands during trading, an increase of 310% from the previous session’s volume of 418,110 shares.The stock last traded at $72.80 and had previously closed at $72.88.

iShares U.S. Consumer Staples ETF Stock Performance

The firm has a market cap of $1.40 billion, a PE ratio of 20.18 and a beta of 0.42. The firm’s 50-day moving average price is $70.84 and its two-hundred day moving average price is $70.29.

Institutional Trading of iShares U.S. Consumer Staples ETF

Several institutional investors have recently modified their holdings of the stock. Partners Wealth Management LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 1.8% during the 4th quarter. Partners Wealth Management LLC now owns 8,457 shares of the company’s stock worth $566,000 after buying an additional 150 shares during the last quarter. Symphony Financial Services Inc. lifted its position in shares of iShares U.S. Consumer Staples ETF by 3.4% during the 4th quarter. Symphony Financial Services Inc. now owns 4,588 shares of the company’s stock worth $307,000 after buying an additional 150 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 1.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,763 shares of the company’s stock worth $736,000 after buying an additional 154 shares during the last quarter. IHT Wealth Management LLC raised its position in iShares U.S. Consumer Staples ETF by 1.0% in the 4th quarter. IHT Wealth Management LLC now owns 15,951 shares of the company’s stock valued at $1,067,000 after purchasing an additional 154 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in iShares U.S. Consumer Staples ETF by 1.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 11,348 shares of the company’s stock valued at $759,000 after purchasing an additional 182 shares during the last quarter.

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.