iShares Global Consumer Staples ETF (NYSEARCA:KXI) Shares Down 2% – Should You Sell?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) were down 2% during mid-day trading on Wednesday . The stock traded as low as $66.94 and last traded at $67.04. Approximately 75,053 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 82,066 shares. The stock had previously closed at $68.38.

iShares Global Consumer Staples ETF Stock Down 2.0%

The firm has a 50 day moving average price of $68.12 and a two-hundred day moving average price of $67.89. The company has a market capitalization of $988.84 million, a price-to-earnings ratio of 23.27 and a beta of 0.48.

Institutional Trading of iShares Global Consumer Staples ETF

Several large investors have recently modified their holdings of the business. Fisher Asset Management LLC grew its stake in iShares Global Consumer Staples ETF by 15.2% in the fourth quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock worth $390,011,000 after purchasing an additional 793,864 shares in the last quarter. Morningstar Investment Management LLC grew its stake in iShares Global Consumer Staples ETF by 24.4% in the third 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. acquired a new position in iShares Global Consumer Staples ETF in the fourth quarter worth about $3,022,000. Bank of America Corp DE grew its stake in 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 in the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in iShares Global Consumer Staples ETF in the fourth quarter worth 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.