Meridian Wealth Management LLC Makes New $279,000 Investment in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK)

Meridian Wealth Management LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,955 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in iShares U.S. Consumer Staples ETF in the 3rd quarter valued at approximately $28,000. Beacon Capital Management LLC acquired a new position in iShares U.S. Consumer Staples ETF in the 2nd quarter valued at approximately $30,000. Financial Gravity Asset Management Inc. bought a new position in shares of iShares U.S. Consumer Staples ETF during the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares U.S. Consumer Staples ETF during the second quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF in the second quarter worth $55,000.

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

NYSEARCA IYK opened at $70.40 on Tuesday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 7.93 and a beta of 0.35. iShares U.S. Consumer Staples ETF has a twelve month low of $62.36 and a twelve month high of $72.29. The stock has a fifty day simple moving average of $69.40 and a 200 day simple moving average of $68.44.

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.