iShares Global Consumer Staples ETF (NYSEARCA:KXI) Trading Down 1% – Here’s What Happened

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) fell 1% during trading on Monday . The company traded as low as $67.88 and last traded at $68.00. 79,461 shares changed hands during trading, a decline of 13% from the average session volume of 91,301 shares. The stock had previously closed at $68.67.

iShares Global Consumer Staples ETF Stock Down 1.0%

The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 23.27 and a beta of 0.50. The stock has a fifty day moving average of $68.54 and a two-hundred day moving average of $67.08.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of iShares Global Consumer Staples ETF by 59.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,016 shares of the company’s stock worth $449,000 after purchasing an additional 2,612 shares during the period. Jane Street Group LLC raised its holdings in iShares Global Consumer Staples ETF by 240.8% in the first quarter. Jane Street Group LLC now owns 27,363 shares of the company’s stock valued at $1,753,000 after buying an additional 19,335 shares during the period. Raymond James Financial Inc. lifted its position in iShares Global Consumer Staples ETF by 44.2% during the second quarter. Raymond James Financial Inc. now owns 66,555 shares of the company’s stock valued at $4,351,000 after buying an additional 20,399 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in iShares Global Consumer Staples ETF during the second quarter valued at approximately $509,000. Finally, Geneos Wealth Management Inc. grew its stake in iShares Global Consumer Staples ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 2,664 shares of the company’s stock worth $174,000 after buying an additional 1,776 shares during the period.

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.