iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw an uptick in trading volume on Monday . 53,168 shares traded hands during mid-day 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 Trading Up 0.9%

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. The company has a fifty day moving average of $68.23 and a two-hundred day moving average of $68.14.

Institutional Trading of iShares Global Consumer Staples ETF

A number of institutional investors and hedge funds have recently modified their holdings of KXI. Bank of America Corp DE grew its stake in iShares Global Consumer Staples ETF by 69.8% in the 1st quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock valued at $6,637,000 after buying an additional 40,711 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares Global Consumer Staples ETF by 7.7% during the 1st quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock worth $528,000 after acquiring an additional 564 shares during the last quarter. Northstar Financial Companies Inc. boosted its holdings in iShares Global Consumer Staples ETF by 63.2% during the first quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after acquiring an additional 9,077 shares during the period. Northland Securities Inc. boosted its holdings in iShares Global Consumer Staples ETF by 4.3% during the first quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock valued at $3,265,000 after acquiring an additional 1,994 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in shares of iShares Global Consumer Staples ETF in the first quarter valued at about $1,173,000.

About iShares Global Consumer Staples ETF

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.