iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-strong trading volume on Thursday. 892,538 shares were traded during trading, an increase of 156% from the previous session’s volume of 348,083 shares. The stock last traded at $73.44 and had previously closed at $71.89.

iShares U.S. Consumer Staples ETF Trading Up 2.1%

The firm’s 50 day simple moving average is $73.75 and its 200 day simple moving average is $72.62. The firm has a market cap of $1.66 billion, a PE ratio of 20.18 and a beta of 0.40.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of large investors have recently added to or reduced their stakes in the company. WealthSpring Partners LLC purchased a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter worth about $6,505,000. Unique Wealth LLC purchased a new position in iShares U.S. Consumer Staples ETF during the 1st quarter valued at about $6,503,000. Royal Bank of Canada raised its holdings in shares of iShares U.S. Consumer Staples ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock valued at $21,879,000 after purchasing an additional 35,963 shares in the last quarter. Matthew Goff Investment Advisor LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at about $1,822,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares U.S. Consumer Staples ETF by 46.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock worth $5,754,000 after purchasing an additional 24,941 shares during the period.

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.