iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-high trading volume on Thursday. Approximately 3,069,938 shares changed hands during trading, an increase of 828% from the previous session’s volume of 330,655 shares. The stock last traded at $71.7650 and had previously closed at $72.16.

iShares U.S. Consumer Staples ETF Stock Performance

The stock has a market capitalization of $1.39 billion, a P/E ratio of 20.18 and a beta of 0.40. The business has a 50-day moving average price of $74.33 and a 200 day moving average price of $72.66.

Institutional Trading of iShares U.S. Consumer Staples ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of iShares U.S. Consumer Staples ETF by 1.6% during the fourth 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 last quarter. CoreCap Advisors LLC increased its holdings in iShares U.S. Consumer Staples ETF by 7.1% in the 2nd quarter. CoreCap Advisors LLC now owns 4,332 shares of the company’s stock worth $315,000 after buying an additional 287 shares in the last quarter. Clearstead Advisors LLC raised its position in iShares U.S. Consumer Staples ETF by 20.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,000 shares of the company’s stock worth $134,000 after buying an additional 340 shares during the last quarter. Money Concepts Capital Corp boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 1.0% during the 1st quarter. Money Concepts Capital Corp now owns 35,212 shares of the company’s stock valued at $2,466,000 after acquiring an additional 357 shares during the last quarter. Finally, Financial Life Planners bought a new stake in shares of iShares U.S. Consumer Staples ETF in the first quarter worth approximately $25,000.

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.