Concurrent Investment Advisors LLC acquired a new stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,944 shares of the company’s stock, valued at approximately $521,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IYK. Fortitude Family Office LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the third quarter valued at approximately $28,000. Financial Life Planners bought a new position in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at $58,000. Western Pacific Wealth Management LP bought a new position in shares of iShares U.S. Consumer Staples ETF in the third quarter valued at $116,000. Allworth Financial LP grew its stake in shares of iShares U.S. Consumer Staples ETF by 836.2% in the fourth quarter. Allworth Financial LP now owns 2,303 shares of the company’s stock valued at $149,000 after buying an additional 2,057 shares in the last quarter. Finally, Fiera Capital Corp bought a new position in shares of iShares U.S. Consumer Staples ETF in the third quarter valued at $212,000.
iShares U.S. Consumer Staples ETF Trading Up 0.3 %
NYSEARCA:IYK opened at $70.16 on Tuesday. iShares U.S. Consumer Staples ETF has a 1-year low of $63.18 and a 1-year high of $72.29. The firm has a fifty day simple moving average of $66.11 and a 200 day simple moving average of $68.43. The stock has a market capitalization of $1.33 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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