Northwestern Mutual Wealth Management Co. Cuts Stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Northwestern Mutual Wealth Management Co. cut its holdings in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,437 shares of the company’s stock after selling 12,609 shares during the period. Northwestern Mutual Wealth Management Co. owned 2.88% of iShares U.S. Consumer Staples ETF worth $35,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fortis Group Advisors LLC grew its position in shares of iShares U.S. Consumer Staples ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 168 shares of the company’s stock valued at $32,000 after purchasing an additional 84 shares in the last quarter. Angeles Wealth Management LLC bought a new position in iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $36,000. Bangor Savings Bank grew its holdings in iShares U.S. Consumer Staples ETF by 200.0% during the 1st quarter. Bangor Savings Bank now owns 408 shares of the company’s stock valued at $28,000 after buying an additional 272 shares in the last quarter. Manchester Capital Management LLC increased its stake in iShares U.S. Consumer Staples ETF by 200.0% in the 1st quarter. Manchester Capital Management LLC now owns 441 shares of the company’s stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Finally, Garrison Point Advisors LLC raised its holdings in shares of iShares U.S. Consumer Staples ETF by 7.6% during the 2nd quarter. Garrison Point Advisors LLC now owns 4,263 shares of the company’s stock worth $280,000 after acquiring an additional 300 shares in the last quarter.

iShares U.S. Consumer Staples ETF Stock Performance

NYSEARCA IYK opened at $70.57 on Tuesday. The stock has a 50 day moving average price of $69.85 and a 200-day moving average price of $67.67. iShares U.S. Consumer Staples ETF has a one year low of $59.04 and a one year high of $72.29. The company has a market capitalization of $1.32 billion, a P/E ratio of 7.93 and a beta of 0.35.

iShares U.S. Consumer Staples ETF 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.