iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Strong Trading Volume – Should You Buy?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares saw unusually-strong trading volume on Tuesday . Approximately 584,146 shares were traded during trading, an increase of 294% from the previous session’s volume of 148,221 shares.The stock last traded at $66.62 and had previously closed at $66.55.

iShares U.S. Consumer Staples ETF Stock Up 0.8 %

The company’s fifty day moving average is $66.21 and its two-hundred day moving average is $68.45. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35.

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

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF during the second quarter worth approximately $773,000. Brookstone Capital Management grew its position in shares of iShares U.S. Consumer Staples ETF by 5.6% during the third quarter. Brookstone Capital Management now owns 4,812 shares of the company’s stock worth $340,000 after acquiring an additional 254 shares during the last quarter. CWM LLC grew its position in shares of iShares U.S. Consumer Staples ETF by 15.0% during the third quarter. CWM LLC now owns 11,787 shares of the company’s stock worth $832,000 after acquiring an additional 1,534 shares during the last quarter. Stillwater Capital Advisors LLC grew its position in shares of iShares U.S. Consumer Staples ETF by 18.3% during the third quarter. Stillwater Capital Advisors LLC now owns 16,543 shares of the company’s stock worth $1,167,000 after acquiring an additional 2,563 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of iShares U.S. Consumer Staples ETF by 11.9% during the third quarter. Raymond James & Associates now owns 55,991 shares of the company’s stock worth $3,951,000 after acquiring an additional 5,968 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.