iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw strong trading volume on Wednesday . 254,875 shares changed hands during mid-day trading, an increase of 333% from the previous session’s volume of 58,908 shares.The stock last traded at $63.85 and had previously closed at $64.54.

iShares Global Consumer Staples ETF Price Performance

The business has a 50 day moving average of $61.01 and a 200 day moving average of $62.96. The company has a market cap of $715.95 million, a PE ratio of 23.78 and a beta of 0.60.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Hedge funds have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares Global Consumer Staples ETF in the 4th quarter worth about $26,000. Avior Wealth Management LLC purchased a new position in shares of iShares Global Consumer Staples ETF in the fourth quarter worth about $28,000. TD Waterhouse Canada Inc. purchased a new position in shares of iShares Global Consumer Staples ETF during the fourth quarter worth $48,000. Blue Trust Inc. boosted its holdings in iShares Global Consumer Staples ETF by 146.9% during the third quarter. Blue Trust Inc. now owns 1,000 shares of the company’s stock worth $60,000 after buying an additional 595 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in iShares Global Consumer Staples ETF by 1,000.4% in the 4th quarter. IFP Advisors Inc now owns 2,487 shares of the company’s stock valued at $150,000 after buying an additional 2,261 shares in the last quarter.

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.