iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw unusually-high trading volume on Monday . Approximately 430,396 shares traded hands during mid-day trading, an increase of 127% from the previous session’s volume of 189,260 shares.The stock last traded at $70.59 and had previously closed at $69.93.

iShares U.S. Consumer Staples ETF Price Performance

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 21.67 and a beta of 0.72. The business has a fifty day moving average price of $66.06 and a two-hundred day moving average price of $68.43.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IYK. TFB Advisors LLC boosted its holdings in iShares U.S. Consumer Staples ETF by 1.8% in the third quarter. TFB Advisors LLC now owns 8,419 shares of the company’s stock valued at $594,000 after purchasing an additional 150 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,932 shares of the company’s stock valued at $842,000 after buying an additional 150 shares during the period. Matthew Goff Investment Advisor LLC boosted its stake in shares of iShares U.S. Consumer Staples ETF by 0.7% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 25,780 shares of the company’s stock worth $1,691,000 after buying an additional 177 shares during the last quarter. World Investment Advisors grew its holdings in iShares U.S. Consumer Staples ETF by 3.3% during the fourth quarter. World Investment Advisors now owns 7,478 shares of the company’s stock worth $490,000 after acquiring an additional 239 shares during the period. Finally, US Bancorp DE raised its position in iShares U.S. Consumer Staples ETF by 53.7% during the fourth quarter. US Bancorp DE now owns 701 shares of the company’s stock valued at $46,000 after acquiring an additional 245 shares in the last quarter.

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.