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 Friday. Approximately 426,300 shares changed hands during mid-day trading, an increase of 369% from the previous session’s volume of 90,821 shares. The stock last traded at $70.6650 and had previously closed at $70.14.

iShares Global Consumer Staples ETF Price Performance

The firm has a fifty day simple moving average of $67.82 and a 200-day simple moving average of $68.07. The firm has a market cap of $1.20 billion, a P/E ratio of 23.27 and a beta of 0.47.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of iShares Global Consumer Staples ETF by 3.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,786 shares of the company’s stock worth $309,000 after acquiring an additional 149 shares during the last quarter. Patriot Investment Management Group Inc. increased its holdings in iShares Global Consumer Staples ETF by 2.3% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 17,488 shares of the company’s stock valued at $1,144,000 after purchasing an additional 390 shares during the period. Cetera Investment Advisers grew its position in shares of iShares Global Consumer Staples ETF by 7.7% in the 1st quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock worth $528,000 after buying an additional 564 shares during the last quarter. Fifth Third Bancorp boosted its holdings in iShares Global Consumer Staples ETF by 73.0% in the first quarter. Fifth Third Bancorp now owns 2,187 shares of the company’s stock valued at $147,000 after acquiring an additional 923 shares in the last quarter. Finally, Northland Securities Inc. increased its position in shares of 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 buying an additional 1,994 shares during the period.

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.