Schmidt P J Investment Management Inc. Lowers Stock Holdings in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Schmidt P J Investment Management Inc. reduced its stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,872 shares of the company’s stock after selling 453 shares during the quarter. Schmidt P J Investment Management Inc. owned about 0.12% of iShares U.S. Consumer Staples ETF worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of IYK. Brookstone Capital Management increased its stake in shares of iShares U.S. Consumer Staples ETF by 152.3% in the first quarter. Brookstone Capital Management now owns 4,591 shares of the company’s stock worth $310,000 after buying an additional 2,771 shares during the period. Comerica Bank boosted its stake in iShares U.S. Consumer Staples ETF by 156.1% in the 1st quarter. Comerica Bank now owns 5,352 shares of the company’s stock worth $362,000 after purchasing an additional 3,262 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in iShares U.S. Consumer Staples ETF by 180.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 15,542 shares of the company’s stock worth $1,022,000 after purchasing an additional 10,010 shares in the last quarter. Sanctuary Advisors LLC bought a new position in iShares U.S. Consumer Staples ETF during the 2nd quarter valued at about $773,000. Finally, Blair William & Co. IL lifted its stake in iShares U.S. Consumer Staples ETF by 201.9% during the 1st quarter. Blair William & Co. IL now owns 5,093 shares of the company’s stock valued at $344,000 after acquiring an additional 3,406 shares during the period.

iShares U.S. Consumer Staples ETF Stock Performance

IYK opened at $69.48 on Friday. iShares U.S. Consumer Staples ETF has a 52-week low of $59.86 and a 52-week high of $72.29. The stock has a market capitalization of $1.30 billion, a P/E ratio of 7.93 and a beta of 0.35. The company’s 50-day simple moving average is $70.30 and its two-hundred day simple moving average is $68.00.

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.