iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw an uptick in trading volume on Monday . 53,168 shares traded hands during trading, a decline of 34% from the previous session’s volume of 81,162 shares.The stock last traded at $68.38 and had previously closed at $69.08.

iShares Global Consumer Staples ETF Stock Down 1.6%

The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. The company has a 50 day simple moving average of $68.21 and a 200-day simple moving average of $68.09.

Institutional Investors Weigh In On iShares Global Consumer Staples ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Global Consumer Staples ETF during the 4th quarter worth about $27,000. Advisory Services Network LLC bought a new stake in shares of iShares Global Consumer Staples ETF during the third quarter valued at approximately $32,000. Kestra Advisory Services LLC acquired a new position in shares of iShares Global Consumer Staples ETF during the fourth quarter worth approximately $36,000. BOKF NA bought a new position in shares of iShares Global Consumer Staples ETF in the 3rd quarter worth $37,000. Finally, Allworth Financial LP increased its stake in iShares Global Consumer Staples ETF by 27.1% during the 3rd quarter. Allworth Financial LP now owns 1,202 shares of the company’s stock valued at $77,000 after purchasing an additional 256 shares in the last quarter.

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.