iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – What’s Next?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares saw strong trading volume on Tuesday. Approximately 535,173 shares were traded during trading, an increase of 444% from the average daily volume of 98,383 shares. The stock last traded at $70.6990 and had previously closed at $71.35.

iShares Global Consumer Staples ETF Stock Performance

The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.27 and a beta of 0.47. The company has a fifty day simple moving average of $68.09 and a 200 day simple moving average of $68.43.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of 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 worth $6,637,000 after purchasing an additional 40,711 shares in the last quarter. Northland Securities Inc. raised its stake 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 acquiring an additional 1,994 shares in the last quarter. Northstar Financial Companies Inc. lifted its position in shares of 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 buying an additional 9,077 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of iShares Global Consumer Staples ETF during the first quarter valued at $1,173,000. Finally, Patriot Investment Management Group Inc. increased its holdings in iShares Global Consumer Staples ETF by 2.3% in the third quarter. Patriot Investment Management Group Inc. now owns 17,488 shares of the company’s stock valued at $1,144,000 after buying an additional 390 shares in the last quarter.

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.