iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 12-Month High – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYKGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $77.90 and last traded at $77.90, with a volume of 20663 shares. The stock had previously closed at $75.37.

iShares U.S. Consumer Staples ETF Price Performance

The company’s 50 day moving average price is $73.18 and its 200 day moving average price is $72.30. The firm has a market capitalization of $1.44 billion, a P/E ratio of 20.18 and a beta of 0.40.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mawer Investment Management Ltd. bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at about $1,136,000. Unique Wealth LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF during the first quarter worth $6,503,000. Leo Wealth LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter valued at about $2,142,000. Welch Group LLC bought a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $767,000. Finally, BCS Wealth Management bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter valued at $1,205,000.

iShares U.S. Consumer Staples ETF Company Profile

(Get Free Report)

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.

Further Reading

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