iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-strong trading volume on Monday . Approximately 430,396 shares traded hands during trading, an increase of 127% from the previous session’s volume of 189,260 shares.The stock last traded at $70.59 and had previously closed at $69.93.

iShares U.S. Consumer Staples ETF Price Performance

The firm has a 50-day simple moving average of $66.19 and a two-hundred day simple moving average of $68.45. The company has a market cap of $1.33 billion, a PE ratio of 21.67 and a beta of 0.72.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

Several hedge funds have recently modified their holdings of the company. Retirement Planning Group LLC NY purchased a new position in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $493,000. Sunbelt Securities Inc. raised its holdings in iShares U.S. Consumer Staples ETF by 1,293.8% in the 4th quarter. Sunbelt Securities Inc. now owns 6,272 shares of the company’s stock valued at $410,000 after acquiring an additional 5,822 shares during the last quarter. GTS Securities LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter worth $340,000. Novak & Powell Financial Services Inc. boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 70.7% during the fourth quarter. Novak & Powell Financial Services Inc. now owns 5,804 shares of the company’s stock worth $381,000 after purchasing an additional 2,403 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at $211,000.

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.