iShares Global Consumer Staples ETF (NYSEARCA:KXI) Reaches New 1-Year High – Still a Buy?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $73.69 and last traded at $73.7210, with a volume of 5,142 shares trading hands. The stock had previously closed at $71.92.

iShares Global Consumer Staples ETF Trading Up 3.4%

The business has a 50 day simple moving average of $68.44 and a two-hundred day simple moving average of $68.65. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 22.57 and a beta of 0.46.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings 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 valued at $6,637,000 after acquiring an additional 40,711 shares in the last quarter. Northland Securities Inc. boosted its stake in iShares Global Consumer Staples ETF by 4.3% during the 1st 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 during the last quarter. Commonwealth Equity Services LLC acquired a new position in iShares Global Consumer Staples ETF during the 3rd quarter worth $1,905,000. Northstar Financial Companies Inc. grew its holdings in 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 worth $1,570,000 after acquiring an additional 9,077 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in iShares Global Consumer Staples ETF during the 1st quarter worth $1,173,000.

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.