iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Volume Increase – Still a Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw an uptick in trading volume on Friday . 499,422 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 410,606 shares.The stock last traded at $71.42 and had previously closed at $70.25.

iShares U.S. Consumer Staples ETF Stock Up 2.1%

The stock has a market cap of $1.38 billion, a PE ratio of 20.18 and a beta of 0.41. The firm has a fifty day moving average of $70.88 and a 200 day moving average of $70.62.

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

Several large investors have recently bought and sold shares of IYK. Partners Wealth Management LLC grew its stake in shares of iShares U.S. Consumer Staples ETF by 1.8% during the 4th quarter. Partners Wealth Management LLC now owns 8,457 shares of the company’s stock valued at $566,000 after buying an additional 150 shares during the period. Symphony Financial Services Inc. grew its stake in shares of iShares U.S. Consumer Staples ETF by 3.4% during the 4th quarter. Symphony Financial Services Inc. now owns 4,588 shares of the company’s stock valued at $307,000 after buying an additional 150 shares during the period. Kestra Private Wealth Services LLC grew its stake in shares of iShares U.S. Consumer Staples ETF by 1.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,763 shares of the company’s stock valued at $736,000 after buying an additional 154 shares during the period. IHT Wealth Management LLC grew its stake in shares of iShares U.S. Consumer Staples ETF by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 15,951 shares of the company’s stock valued at $1,067,000 after buying an additional 154 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of iShares U.S. Consumer Staples ETF by 1.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,348 shares of the company’s stock valued at $759,000 after buying an additional 182 shares during the period.

iShares U.S. Consumer Staples ETF Company Profile

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.