BCS Wealth Management Reduces Position in iShares U.S. Consumer Staples ETF $IYK

BCS Wealth Management trimmed its position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 50.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the company’s stock after selling 9,000 shares during the period. BCS Wealth Management’s holdings in iShares U.S. Consumer Staples ETF were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $32,000. Reflection Asset Management purchased a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter worth about $37,000. Arax Advisory Partners acquired a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter worth about $56,000. Finally, Caitlin John LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF during the third quarter worth about $82,000.

iShares U.S. Consumer Staples ETF Trading Up 0.7%

IYK opened at $72.90 on Thursday. iShares U.S. Consumer Staples ETF has a 12-month low of $65.21 and a 12-month high of $77.70. The firm has a 50 day moving average of $71.57 and a two-hundred day moving average of $71.03. The firm has a market capitalization of $1.41 billion, a PE ratio of 20.18 and a beta of 0.41.

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.