iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw unusually-strong trading volume on Tuesday . Approximately 148,705 shares traded hands during trading, an increase of 77% from the previous session’s volume of 83,789 shares.The stock last traded at $64.80 and had previously closed at $64.36.

iShares U.S. Consumer Staples ETF Price Performance

The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35. The business has a fifty day simple moving average of $67.89 and a 200 day simple moving average of $68.57.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of hedge funds have recently bought and sold shares of IYK. Raymond James & Associates grew its position in shares of iShares U.S. Consumer Staples ETF by 11.9% in the third quarter. Raymond James & Associates now owns 55,991 shares of the company’s stock valued at $3,951,000 after purchasing an additional 5,968 shares in the last quarter. Bank of Montreal Can grew its holdings in iShares U.S. Consumer Staples ETF by 39.2% in the 3rd quarter. Bank of Montreal Can now owns 33,892 shares of the company’s stock valued at $2,389,000 after buying an additional 9,549 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter worth $773,000. CWM LLC raised its holdings in shares of iShares U.S. Consumer Staples ETF by 15.0% during the 3rd quarter. CWM LLC now owns 11,787 shares of the company’s stock worth $832,000 after acquiring an additional 1,534 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 3rd quarter valued at about $28,000.

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.