Sovran Advisors LLC Buys 1,033 Shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Sovran Advisors LLC grew its stake in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 5.5% during the first quarter, Holdings Channel reports. The institutional investor owned 19,742 shares of the company’s stock after buying an additional 1,033 shares during the period. Sovran Advisors LLC’s holdings in iShares U.S. Consumer Staples ETF were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IYK. Sowell Financial Services LLC bought a new stake in iShares U.S. Consumer Staples ETF during the 1st quarter worth approximately $288,000. IFP Advisors Inc boosted its position in shares of iShares U.S. Consumer Staples ETF by 168.8% in the fourth quarter. IFP Advisors Inc now owns 1,032 shares of the company’s stock worth $68,000 after purchasing an additional 648 shares during the period. Parallel Advisors LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the first quarter worth $49,000. Farther Finance Advisors LLC increased its stake in shares of iShares U.S. Consumer Staples ETF by 311.5% in the fourth quarter. Farther Finance Advisors LLC now owns 716 shares of the company’s stock worth $47,000 after purchasing an additional 542 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 52.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,303 shares of the company’s stock valued at $1,525,000 after purchasing an additional 7,299 shares during the period.

iShares U.S. Consumer Staples ETF Stock Performance

IYK opened at $70.12 on Friday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 22.37 and a beta of 0.74. The firm’s fifty day moving average is $70.49 and its 200 day moving average is $68.84. iShares U.S. Consumer Staples ETF has a fifty-two week low of $63.18 and a fifty-two week high of $73.25.

iShares U.S. Consumer Staples ETF 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.