The iShares U.S. Consumer Staples ETF (IYK) experienced a significant outflow of approximately $217.5 million, marking a 13.6% decrease in shares outstanding week over week, from 22,100,000 to 19,100,000. This decline was reported today, amid varying performances of key underlying components: McKesson Corp (MCK) up 0.6%, Corteva Inc (CTVA) up 0.4%, and Cencora Inc (COR) also up 0.4%.
The ETF’s shares have fluctuated between a 52-week low of $65.21 and a high of $77.70, with the last trade reported at $73.34, illustrating its position relative to its 200-day moving average.
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