iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw strong trading volume on Thursday . 187,949 shares were traded during trading, an increase of 54% from the previous session’s volume of 122,309 shares.The stock last traded at $69.53 and had previously closed at $69.80.

iShares U.S. Consumer Staples ETF Stock Down 0.5 %

The stock has a market capitalization of $1.44 billion, a P/E ratio of 22.61 and a beta of 0.69. The company has a 50 day moving average of $67.96 and a 200-day moving average of $68.54.

Institutional Trading of iShares U.S. Consumer Staples ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of iShares U.S. Consumer Staples ETF by 6.7% during the fourth quarter. Bank of America Corp DE now owns 573,620 shares of the company’s stock worth $37,624,000 after acquiring an additional 35,963 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares U.S. Consumer Staples ETF by 2.1% during the fourth quarter. Wells Fargo & Company MN now owns 243,481 shares of the company’s stock worth $15,970,000 after buying an additional 4,942 shares during the period. Bellwether Advisors LLC grew its holdings in iShares U.S. Consumer Staples ETF by 15.7% in the 4th quarter. Bellwether Advisors LLC now owns 208,992 shares of the company’s stock worth $13,708,000 after buying an additional 28,389 shares in the last quarter. Cetera Investment Advisers increased its position in iShares U.S. Consumer Staples ETF by 15.8% in the 4th quarter. Cetera Investment Advisers now owns 144,900 shares of the company’s stock valued at $9,504,000 after acquiring an additional 19,722 shares during the period. Finally, Perbak Capital Partners LLP bought a new stake in iShares U.S. Consumer Staples ETF during the 4th quarter valued at $9,079,000.

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.