49 Wealth Management LLC Has $8.20 Million Stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

49 Wealth Management LLC increased its stake in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 240.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,091 shares of the company’s stock after purchasing an additional 86,213 shares during the quarter. iShares U.S. Consumer Staples ETF makes up approximately 1.8% of 49 Wealth Management LLC’s portfolio, making the stock its 17th largest position. 49 Wealth Management LLC owned about 0.64% of iShares U.S. Consumer Staples ETF worth $8,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $40,906,000. Commonwealth Equity Services LLC raised its holdings in shares of iShares U.S. Consumer Staples ETF by 213.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 216,605 shares of the company’s stock valued at $14,649,000 after purchasing an additional 147,506 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in shares of iShares U.S. Consumer Staples ETF by 187.4% in the 1st quarter. WealthCare Investment Partners LLC now owns 99,737 shares of the company’s stock valued at $6,745,000 after purchasing an additional 65,037 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in iShares U.S. Consumer Staples ETF by 196.6% in the first quarter. Rehmann Capital Advisory Group now owns 62,639 shares of the company’s stock worth $4,236,000 after purchasing an additional 41,519 shares in the last quarter. Finally, Conservest Capital Advisors Inc. increased its position in iShares U.S. Consumer Staples ETF by 196.0% during the first quarter. Conservest Capital Advisors Inc. now owns 48,481 shares of the company’s stock worth $3,279,000 after buying an additional 32,105 shares during the last quarter.

iShares U.S. Consumer Staples ETF Trading Up 0.7 %

NYSEARCA IYK traded up $0.49 during trading on Friday, hitting $66.37. 54,616 shares of the company traded hands, compared to its average volume of 90,880. iShares U.S. Consumer Staples ETF has a 12 month low of $59.04 and a 12 month high of $68.70. The business has a fifty day simple moving average of $66.57 and a 200 day simple moving average of $65.76. The company has a market capitalization of $1.24 billion, a P/E ratio of 7.93 and a beta of 0.35.

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.