iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Unusually-High Trading Volume – Time to Buy?
by Mitch Edgeman · The Markets DailyShares of iShares Global Consumer Staples ETF (NYSEARCA:KXI – Get Free Report) saw strong trading volume on Tuesday . Approximately 921,010 shares changed hands during trading, an increase of 927% from the previous session’s volume of 89,696 shares.The stock last traded at $67.7850 and had previously closed at $68.29.
iShares Global Consumer Staples ETF Stock Down 0.8%
The business’s fifty day moving average is $68.71 and its two-hundred day moving average is $68.42. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48.
Institutional Investors Weigh In On iShares Global Consumer Staples ETF
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in iShares Global Consumer Staples ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after buying an additional 40,711 shares during the period. Cetera Investment Advisers increased its holdings in shares of iShares Global Consumer Staples ETF by 7.7% in the first quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock worth $528,000 after acquiring an additional 564 shares in the last quarter. Northstar Financial Companies Inc. lifted its holdings in shares of iShares Global Consumer Staples ETF by 63.2% during the 1st quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after purchasing an additional 9,077 shares in the last quarter. Northland Securities Inc. grew its position in shares of iShares Global Consumer Staples ETF by 4.3% in the 1st quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock valued at $3,265,000 after purchasing an additional 1,994 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in iShares Global Consumer Staples ETF during the 1st quarter worth approximately $1,173,000.
iShares Global Consumer Staples ETF Company Profile
iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.