iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Reaches New 1-Year Low – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $63.18 and last traded at $63.24, with a volume of 221539 shares traded. The stock had previously closed at $64.52.

iShares U.S. Consumer Staples ETF Trading Down 1.9 %

The stock’s 50 day moving average is $67.71 and its 200 day moving average is $68.53. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35.

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

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of iShares U.S. Consumer Staples ETF by 2,551,160.4% during the 3rd quarter. International Assets Investment Management LLC now owns 26,864,772 shares of the company’s stock worth $1,895,847,000 after purchasing an additional 26,863,719 shares during the last quarter. Bellwether Advisors LLC lifted its stake in shares of iShares U.S. Consumer Staples ETF by 44.3% during the third quarter. Bellwether Advisors LLC now owns 180,603 shares of the company’s stock valued at $12,745,000 after buying an additional 55,464 shares during the period. BNP Paribas Financial Markets acquired a new stake in iShares U.S. Consumer Staples ETF during the third quarter worth approximately $7,057,000. Envestnet Asset Management Inc. grew its stake in iShares U.S. Consumer Staples ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,923 shares of the company’s stock worth $4,663,000 after acquiring an additional 6,156 shares during the period. Finally, Raymond James & Associates raised its holdings in iShares U.S. Consumer Staples ETF by 11.9% in the 3rd quarter. Raymond James & Associates now owns 55,991 shares of the company’s stock valued at $3,951,000 after acquiring an additional 5,968 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.