Partners Wealth Management LLC Takes $520,000 Position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Partners Wealth Management LLC purchased a new position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) during the 4th quarter, HoldingsChannel reports. The fund purchased 7,932 shares of the company’s stock, valued at approximately $520,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IYK. Raymond James & Associates lifted its stake in iShares U.S. Consumer Staples ETF by 11.9% in the 3rd quarter. Raymond James & Associates now owns 55,991 shares of the company’s stock worth $3,951,000 after purchasing an additional 5,968 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the third quarter valued at approximately $28,000. Penobscot Wealth Management lifted its position in iShares U.S. Consumer Staples ETF by 8.6% during the third quarter. Penobscot Wealth Management now owns 47,845 shares of the company’s stock worth $3,376,000 after buying an additional 3,793 shares in the last quarter. Principal Securities Inc. boosted its stake in iShares U.S. Consumer Staples ETF by 19.7% during the third quarter. Principal Securities Inc. now owns 44,016 shares of the company’s stock worth $3,106,000 after buying an additional 7,237 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in iShares U.S. Consumer Staples ETF during the third quarter worth $116,000.

iShares U.S. Consumer Staples ETF Stock Up 1.6 %

Shares of IYK opened at $69.93 on Monday. iShares U.S. Consumer Staples ETF has a 52-week low of $63.18 and a 52-week high of $72.29. The stock has a fifty day simple moving average of $66.06 and a two-hundred day simple moving average of $68.43. The company has a market capitalization of $1.33 billion, a PE ratio of 21.67 and a beta of 0.72.

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.