iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Strong Trading Volume – Time to Buy?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares saw unusually-strong trading volume on Wednesday . Approximately 121,173 shares traded hands during trading, an increase of 47% from the previous session’s volume of 82,468 shares.The stock last traded at $70.49 and had previously closed at $70.27.

iShares Global Consumer Staples ETF Price Performance

The business’s 50-day moving average price is $68.20 and its two-hundred day moving average price is $68.55. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KXI. Fisher Asset Management LLC lifted its position in shares of iShares Global Consumer Staples ETF by 15.2% during the 4th quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock valued at $390,011,000 after acquiring an additional 793,864 shares during the period. Morningstar Investment Management LLC grew its holdings in shares of iShares Global Consumer Staples ETF by 24.4% during the 3rd quarter. Morningstar Investment Management LLC now owns 293,821 shares of the company’s stock worth $18,913,000 after purchasing an additional 57,667 shares in the last quarter. Northland Securities Inc. bought a new position in shares of iShares Global Consumer Staples ETF in the fourth quarter worth $3,022,000. Bank of America Corp DE increased its position in shares of iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after purchasing an additional 40,711 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in iShares Global Consumer Staples ETF in the fourth quarter valued at about $2,491,000.

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.