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

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares saw unusually-high trading volume on Friday . Approximately 120,698 shares were traded during mid-day trading, an increase of 162% from the previous session’s volume of 46,089 shares.The stock last traded at $60.30 and had previously closed at $59.96.

iShares Global Consumer Staples ETF Stock Up 0.6 %

The firm’s 50 day simple moving average is $61.45 and its 200 day simple moving average is $62.85. The company has a market cap of $859.63 million, a price-to-earnings ratio of 23.59 and a beta of 0.45.

Institutional Trading of iShares Global Consumer Staples ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC raised its holdings in shares of iShares Global Consumer Staples ETF by 13.2% during the third quarter. Fisher Asset Management LLC now owns 2,546,939 shares of the company’s stock valued at $167,461,000 after acquiring an additional 297,857 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares Global Consumer Staples ETF by 3.4% during the 2nd 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 period. BNP Paribas Financial Markets lifted its holdings in shares of iShares Global Consumer Staples ETF by 43.5% in the third quarter. BNP Paribas Financial Markets now owns 48,890 shares of the company’s stock valued at $3,215,000 after purchasing an additional 14,817 shares in the last quarter. Truist Financial Corp boosted its position in shares of iShares Global Consumer Staples ETF by 18.1% in the second quarter. Truist Financial Corp now owns 44,929 shares of the company’s stock worth $2,701,000 after buying an additional 6,898 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in iShares Global Consumer Staples ETF during the second quarter valued at $1,962,000.

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.