PNC Financial Services Group Inc. Boosts Stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

PNC Financial Services Group Inc. lifted its position in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 84.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,679 shares of the company’s stock after buying an additional 2,604 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Consumer Staples ETF were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IYK. Picton Mahoney Asset Management grew its stake in iShares U.S. Consumer Staples ETF by 100.3% during the 1st quarter. Picton Mahoney Asset Management now owns 2,500 shares of the company’s stock worth $179,000 after purchasing an additional 800,000 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 19.9% in the 1st quarter. LPL Financial LLC now owns 858,382 shares of the company’s stock valued at $61,434,000 after purchasing an additional 142,237 shares during the last quarter. Perbak Capital Partners LLP purchased a new stake in iShares U.S. Consumer Staples ETF during the 4th quarter valued at approximately $9,079,000. Raymond James Financial Inc. purchased a new stake in iShares U.S. Consumer Staples ETF during the 4th quarter valued at approximately $6,707,000. Finally, Jane Street Group LLC purchased a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter worth approximately $3,252,000.

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

Shares of IYK stock opened at $69.93 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 20.18 and a beta of 0.74. The stock has a 50 day simple moving average of $70.14 and a 200-day simple moving average of $69.87. iShares U.S. Consumer Staples ETF has a 12-month low of $63.18 and a 12-month 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.