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

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw strong trading volume on Tuesday . 148,705 shares changed 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 Stock Up 0.2 %

The company has a fifty day moving average of $68.05 and a two-hundred day moving average of $68.61. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 35.0% during the 2nd quarter. Private Advisor Group LLC now owns 28,948 shares of the company’s stock valued at $1,903,000 after acquiring an additional 7,511 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 2nd quarter worth $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter worth about $45,000. MGO One Seven LLC increased its holdings in iShares U.S. Consumer Staples ETF by 46.5% during the 2nd quarter. MGO One Seven LLC now owns 85,880 shares of the company’s stock valued at $5,647,000 after acquiring an additional 27,266 shares in the last quarter. Finally, Garrison Point Advisors LLC raised its position in iShares U.S. Consumer Staples ETF by 7.6% during the second quarter. Garrison Point Advisors LLC now owns 4,263 shares of the company’s stock worth $280,000 after acquiring an additional 300 shares during 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.