iShares Global Consumer Staples ETF (NYSEARCA:KXI) Reaches New 52-Week High – Should You Buy?

iShares Global Consumer Staples ETF (NYSEARCA:KXI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $71.93 and last traded at $71.4930, with a volume of 103541 shares. The stock had previously closed at $70.90.

iShares Global Consumer Staples ETF Stock Performance

The company has a market capitalization of $1.00 billion, a P/E ratio of 23.27 and a beta of 0.55. The stock has a fifty day moving average of $66.17 and a 200 day moving average of $65.43.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its holdings in iShares Global Consumer Staples ETF by 31.5% in the 2nd quarter. Fisher Asset Management LLC now owns 4,505,566 shares of the company’s stock worth $294,574,000 after acquiring an additional 1,077,977 shares in the last quarter. Morningstar Investment Management LLC bought a new position in shares of iShares Global Consumer Staples ETF in the second quarter worth approximately $15,440,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares Global Consumer Staples ETF in the second quarter worth $10,338,000. Northland Securities Inc. bought a new stake in shares of iShares Global Consumer Staples ETF during the 4th quarter valued at $3,022,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of iShares Global Consumer Staples ETF during the 4th quarter valued at $2,491,000.

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.