Meridian Wealth Management LLC reduced its position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Free Report) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,145 shares of the company’s stock after selling 810 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares U.S. Consumer Staples ETF were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of IYK. BNP Paribas Financial Markets bought a new position in shares of iShares U.S. Consumer Staples ETF in the third quarter worth approximately $7,057,000. Bellwether Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 44.3% in the third quarter. Bellwether Advisors LLC now owns 180,603 shares of the company’s stock worth $12,745,000 after buying an additional 55,464 shares in the last quarter. Grimes & Company Inc. purchased a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter worth $3,233,000. OneDigital Investment Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF in the third quarter worth $1,461,000. Finally, Sovran Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter worth $1,202,000.
iShares U.S. Consumer Staples ETF Stock Performance
IYK stock opened at $70.76 on Friday. iShares U.S. Consumer Staples ETF has a one year low of $63.18 and a one year high of $72.29. The company’s fifty day moving average price is $66.81 and its 200-day moving average price is $68.54. The company has a market capitalization of $1.34 billion, a PE ratio of 21.67 and a beta of 0.72.
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.
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