iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Trading Down 0.2% – Here’s What Happened

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) were down 0.2% during trading on Tuesday . The company traded as low as $195.95 and last traded at $195.95. Approximately 2,795 shares were traded during trading, a decline of 69% from the average session volume of 9,131 shares. The stock had previously closed at $196.35.

iShares Global Consumer Discretionary ETF Stock Performance

The stock has a 50 day moving average of $196.71 and a two-hundred day moving average of $199.55. The firm has a market capitalization of $254.74 million, a P/E ratio of 19.64 and a beta of 1.05.

Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF

A number of hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of iShares Global Consumer Discretionary ETF by 110.0% in the first quarter. Bessemer Group Inc. now owns 7,525 shares of the company’s stock valued at $1,403,000 after purchasing an additional 3,942 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in iShares Global Consumer Discretionary ETF during the 3rd quarter valued at approximately $4,061,000. Finally, Integrated Wealth Concepts LLC boosted its stake in iShares Global Consumer Discretionary ETF by 31.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,382 shares of the company’s stock valued at $423,000 after purchasing an additional 574 shares during the period.

About iShares Global Consumer Discretionary ETF

iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.