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

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw unusually-high trading volume on Tuesday . 289,327 shares traded hands during mid-day trading, an increase of 246% from the previous session’s volume of 83,731 shares.The stock last traded at $68.81 and had previously closed at $69.12.

iShares Global Consumer Staples ETF Price Performance

The stock’s 50 day simple moving average is $68.36 and its two-hundred day simple moving average is $68.75. The firm has a market cap of $1.06 billion, a P/E ratio of 23.27 and a beta of 0.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake 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 last quarter. Cetera Investment Advisers grew its position in iShares Global Consumer Staples ETF by 7.7% during the first quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock valued at $528,000 after buying an additional 564 shares during the period. Northstar Financial Companies Inc. grew its position 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 acquiring an additional 9,077 shares during the period. Northland Securities Inc. increased its position in iShares Global Consumer Staples ETF by 4.3% in the first quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock worth $3,265,000 after buying an additional 1,994 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in iShares Global Consumer Staples ETF in 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.