iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Hits New 1-Year High – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $72.37 and last traded at $72.26, with a volume of 15699 shares traded. The stock had previously closed at $71.50.

iShares U.S. Consumer Staples ETF Stock Up 1.5 %

The firm has a market cap of $1.51 billion, a PE ratio of 22.61 and a beta of 0.69. The business has a 50 day simple moving average of $66.92 and a two-hundred day simple moving average of $68.54.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 228.8% in the 4th quarter. Capital Analysts LLC now owns 651 shares of the company’s stock valued at $43,000 after acquiring an additional 453 shares during the last quarter. US Bancorp DE lifted its position in shares of iShares U.S. Consumer Staples ETF by 53.7% during the 4th quarter. US Bancorp DE now owns 701 shares of the company’s stock valued at $46,000 after buying an additional 245 shares in the last quarter. Farther Finance Advisors LLC grew its stake in iShares U.S. Consumer Staples ETF by 311.5% in the 4th quarter. Farther Finance Advisors LLC now owns 716 shares of the company’s stock valued at $47,000 after acquiring an additional 542 shares during the period. Financial Life Planners purchased a new stake in iShares U.S. Consumer Staples ETF in the 4th quarter worth $58,000. Finally, IFP Advisors Inc raised its position in shares of iShares U.S. Consumer Staples ETF by 168.8% during the 4th quarter. IFP Advisors Inc now owns 1,032 shares of the company’s stock worth $68,000 after purchasing an additional 648 shares during the last quarter.

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.