iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Here’s What Happened

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-high trading volume on Tuesday . Approximately 496,868 shares changed hands during mid-day trading, an increase of 338% from the previous session’s volume of 113,349 shares.The stock last traded at $72.14 and had previously closed at $71.42.

iShares U.S. Consumer Staples ETF Price Performance

The stock has a 50-day moving average price of $66.55 and a 200-day moving average price of $68.50. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.67 and a beta of 0.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. raised its position in shares of iShares U.S. Consumer Staples ETF by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,932 shares of the company’s stock valued at $842,000 after buying an additional 150 shares in the last quarter. TFB Advisors LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 1.8% during the 3rd quarter. TFB Advisors LLC now owns 8,419 shares of the company’s stock worth $594,000 after buying an additional 150 shares during the last quarter. Matthew Goff Investment Advisor LLC grew its position in iShares U.S. Consumer Staples ETF by 0.7% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 25,780 shares of the company’s stock valued at $1,691,000 after acquiring an additional 177 shares during the last quarter. World Investment Advisors lifted its stake in iShares U.S. Consumer Staples ETF by 3.3% in the 4th quarter. World Investment Advisors now owns 7,478 shares of the company’s stock valued at $490,000 after purchasing an additional 239 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of iShares U.S. Consumer Staples ETF by 53.7% in the 4th quarter. US Bancorp DE now owns 701 shares of the company’s stock valued at $46,000 after acquiring an additional 245 shares during the last quarter.

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.