Envestnet Asset Management Inc. Acquires 7,983 Shares of iShares U.S. Consumer Staples ETF $IYK

Envestnet Asset Management Inc. grew its holdings in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,620 shares of the company’s stock after buying an additional 7,983 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.33% of iShares U.S. Consumer Staples ETF worth $4,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IYK. Thrivent Financial for Lutherans lifted its position in shares of iShares U.S. Consumer Staples ETF by 570.2% during the third quarter. Thrivent Financial for Lutherans now owns 52,563 shares of the company’s stock worth $3,595,000 after purchasing an additional 44,720 shares in the last quarter. Commonwealth Equity Services LLC raised its position in iShares U.S. Consumer Staples ETF by 280.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 260,660 shares of the company’s stock worth $17,827,000 after purchasing an additional 192,106 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in iShares U.S. Consumer Staples ETF in the 2nd quarter worth approximately $1,844,000. Arkadios Wealth Advisors acquired a new position in iShares U.S. Consumer Staples ETF during the 2nd quarter worth $293,000. Finally, Global Retirement Partners LLC bought a new position in iShares U.S. Consumer Staples ETF in the 2nd quarter valued at $486,000.

iShares U.S. Consumer Staples ETF Stock Up 1.4%

IYK stock opened at $76.54 on Tuesday. iShares U.S. Consumer Staples ETF has a twelve month low of $65.21 and a twelve month high of $76.91. The company has a market cap of $1.32 billion, a P/E ratio of 20.18 and a beta of 0.50. The business has a fifty day moving average of $70.32 and a 200-day moving average of $69.27.

About iShares U.S. Consumer Staples ETF

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. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.