iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-high trading volume on Thursday . Approximately 686,296 shares changed hands during trading, an increase of 98% from the previous session’s volume of 346,032 shares.The stock last traded at $76.8340 and had previously closed at $76.51.

iShares U.S. Consumer Staples ETF Trading Up 1.2%

The firm has a fifty day moving average of $71.08 and a two-hundred day moving average of $69.47. The company has a market cap of $1.34 billion, a PE ratio of 20.18 and a beta of 0.50.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

Several institutional investors have recently made changes to their positions in IYK. Parkside Financial Bank & Trust bought a new stake in iShares U.S. Consumer Staples ETF during the second quarter valued at approximately $29,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $32,000. First Horizon Corp bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter valued at $43,000. Arax Advisory Partners purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth $45,000. Finally, Davis Capital Management bought a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter worth $50,000.

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.