Deepwater Asset Management LLC Buys New Shares in iShares U.S. Consumer Staples ETF $IYK

Deepwater Asset Management LLC bought a new position in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,139 shares of the company’s stock, valued at approximately $1,788,000. iShares U.S. Consumer Staples ETF makes up about 0.7% of Deepwater Asset Management LLC’s holdings, making the stock its 24th largest holding. Deepwater Asset Management LLC owned about 0.14% of iShares U.S. Consumer Staples ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of iShares U.S. Consumer Staples ETF by 54.2% in the 2nd quarter. Bank of America Corp DE now owns 961,699 shares of the company’s stock worth $67,781,000 after acquiring an additional 338,017 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of iShares U.S. Consumer Staples ETF by 280.2% during the third quarter. Commonwealth Equity Services LLC now owns 260,660 shares of the company’s stock valued at $17,827,000 after acquiring an additional 192,106 shares during the period. Captrust Financial Advisors raised its holdings in shares of iShares U.S. Consumer Staples ETF by 1,977.7% during the second quarter. Captrust Financial Advisors now owns 186,389 shares of the company’s stock valued at $13,137,000 after acquiring an additional 177,418 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 1,294.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 63,735 shares of the company’s stock valued at $4,492,000 after acquiring an additional 59,163 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter worth approximately $3,435,000.

iShares U.S. Consumer Staples ETF Stock Performance

NYSEARCA IYK opened at $75.46 on Wednesday. The firm’s 50 day moving average price is $71.44 and its two-hundred day moving average price is $69.54. iShares U.S. Consumer Staples ETF has a twelve month low of $65.21 and a twelve month high of $77.70. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.

iShares U.S. Consumer Staples ETF 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.