iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Reaches New 52-Week High – Still a Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) reached a new 52-week high on Tuesday . The stock traded as high as $77.00 and last traded at $76.3890, with a volume of 62652 shares traded. The stock had previously closed at $76.54.

iShares U.S. Consumer Staples ETF Price Performance

The stock’s 50-day moving average price is $70.32 and its 200-day moving average price is $69.27. The company has a market cap of $1.32 billion, a P/E ratio of 20.18 and a beta of 0.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 570.2% in the third quarter. Thrivent Financial for Lutherans now owns 52,563 shares of the company’s stock worth $3,595,000 after acquiring an additional 44,720 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 280.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 260,660 shares of the company’s stock valued at $17,827,000 after acquiring an additional 192,106 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in iShares U.S. Consumer Staples ETF during the 2nd quarter worth $1,844,000. Arkadios Wealth Advisors bought a new position in iShares U.S. Consumer Staples ETF in the second quarter valued at about $293,000. Finally, Global Retirement Partners LLC bought a new position in iShares U.S. Consumer Staples ETF in the second quarter valued at about $486,000.

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. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.