iShares Global Consumer Staples ETF (NYSEARCA:KXI) Trading 0.8% Higher – Time to Buy?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares shot up 0.8% on Thursday . The stock traded as high as $59.05 and last traded at $59.03. 59,042 shares changed hands during trading, an increase of 42% from the average session volume of 41,454 shares. The stock had previously closed at $58.57.

iShares Global Consumer Staples ETF Stock Performance

The business has a 50 day moving average price of $61.64 and a 200-day moving average price of $62.89. The company has a market capitalization of $847.31 million, a price-to-earnings ratio of 23.59 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in iShares Global Consumer Staples ETF by 4.0% in the 3rd quarter. HighTower Advisors LLC now owns 7,065 shares of the company’s stock valued at $471,000 after buying an additional 271 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Global Consumer Staples ETF by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 170,982 shares of the company’s stock valued at $10,278,000 after purchasing an additional 5,648 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of iShares Global Consumer Staples ETF by 6,475.0% during the third quarter. International Assets Investment Management LLC now owns 10,520 shares of the company’s stock valued at $692,000 after purchasing an additional 10,360 shares in the last quarter. Bank of Montreal Can boosted its holdings in iShares Global Consumer Staples ETF by 3,575.0% during the second quarter. Bank of Montreal Can now owns 29,400 shares of the company’s stock worth $1,823,000 after purchasing an additional 28,600 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in iShares Global Consumer Staples ETF by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,768 shares of the company’s stock worth $707,000 after purchasing an additional 434 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.