iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sets New 12-Month Low – Here’s Why

iShares U.S. Consumer Staples ETF (NYSEARCA:IYKGet Free Report)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $63.18 and last traded at $63.24, with a volume of 221539 shares. The stock had previously closed at $64.52.

iShares U.S. Consumer Staples ETF Price Performance

The company has a market cap of $1.18 billion, a P/E ratio of 7.93 and a beta of 0.35. The stock has a fifty day moving average price of $67.81 and a two-hundred day moving average price of $68.54.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in iShares U.S. Consumer Staples ETF by 2,551,160.4% in the 3rd quarter. International Assets Investment Management LLC now owns 26,864,772 shares of the company’s stock valued at $1,895,847,000 after buying an additional 26,863,719 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in iShares U.S. Consumer Staples ETF during the third quarter worth $7,057,000. Bellwether Advisors LLC boosted its position in iShares U.S. Consumer Staples ETF by 44.3% in the third quarter. Bellwether Advisors LLC now owns 180,603 shares of the company’s stock worth $12,745,000 after purchasing an additional 55,464 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in iShares U.S. Consumer Staples ETF in the third quarter worth $1,461,000. Finally, Sanctuary Advisors LLC bought a new position in iShares U.S. Consumer Staples ETF in the 2nd quarter valued at $773,000.

About iShares U.S. Consumer Staples ETF

(Get Free Report)

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.

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