M&T Bank Corp Invests $524,000 in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

M&T Bank Corp acquired a new stake in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) in the 3rd quarter, Holdings Channel reports. The firm acquired 7,422 shares of the company’s stock, valued at approximately $524,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYK. Fortitude Family Office LLC acquired a new stake in iShares U.S. Consumer Staples ETF in the third quarter valued at $28,000. Beacon Capital Management LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter worth about $30,000. Financial Gravity Asset Management Inc. acquired a new stake in iShares U.S. Consumer Staples ETF in the 2nd quarter valued at about $41,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares U.S. Consumer Staples ETF during the 2nd quarter valued at about $45,000. Finally, Western Pacific Wealth Management LP acquired a new position in iShares U.S. Consumer Staples ETF during the third quarter worth about $116,000.

iShares U.S. Consumer Staples ETF Price Performance

IYK stock opened at $67.01 on Wednesday. The company’s 50 day simple moving average is $69.16 and its 200-day simple moving average is $68.69. iShares U.S. Consumer Staples ETF has a 12 month low of $62.36 and a 12 month high of $72.29. The firm has a market capitalization of $1.25 billion, a PE ratio of 7.93 and a beta of 0.35.

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.