Penobscot Wealth Management Reduces Stake in iShares U.S. Consumer Staples ETF $IYK

Penobscot Wealth Management cut its holdings in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 38.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,583 shares of the company’s stock after selling 14,976 shares during the period. Penobscot Wealth Management’s holdings in iShares U.S. Consumer Staples ETF were worth $1,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fairvoy Private Wealth LLC bought a new stake in iShares U.S. Consumer Staples ETF in the first quarter valued at $297,000. Signal Advisors Wealth LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 47.1% in the 1st quarter. Signal Advisors Wealth LLC now owns 12,116 shares of the company’s stock worth $848,000 after purchasing an additional 3,882 shares during the period. Matthew Goff Investment Advisor LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 1st quarter valued at about $1,822,000. Brookstone Capital Management increased its position in shares of iShares U.S. Consumer Staples ETF by 51.9% during the first quarter. Brookstone Capital Management now owns 5,647 shares of the company’s stock valued at $395,000 after buying an additional 1,929 shares during the period. Finally, Quotient Wealth Partners LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF during the first quarter valued at about $426,000.

iShares U.S. Consumer Staples ETF Stock Performance

iShares U.S. Consumer Staples ETF stock opened at $72.90 on Friday. iShares U.S. Consumer Staples ETF has a fifty-two week low of $65.21 and a fifty-two week high of $77.70. The stock’s 50 day simple moving average is $71.62 and its two-hundred day simple moving average is $71.07. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 20.18 and a beta of 0.41.

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.