iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Reaches New 52-Week Low – What’s Next?

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) shares reached a new 52-week low during trading on Friday . The company traded as low as $63.18 and last traded at $63.24, with a volume of 221539 shares changing hands. The stock had previously closed at $64.52.

iShares U.S. Consumer Staples ETF Trading Down 1.9 %

The business has a fifty day moving average price of $67.71 and a 200 day moving average price of $68.53. The firm has a market cap of $1.18 billion, a PE ratio of 7.93 and a beta of 0.35.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC purchased a new stake in iShares U.S. Consumer Staples ETF in the third quarter valued at $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter valued at about $45,000. Western Pacific Wealth Management LP acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at about $116,000. Fiera Capital Corp purchased a new position in iShares U.S. Consumer Staples ETF during the 3rd quarter worth approximately $212,000. Finally, Patten & Patten Inc. TN acquired a new position in iShares U.S. Consumer Staples ETF during the third quarter worth approximately $239,000.

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.