iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – Still a Buy?

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw strong trading volume on Tuesday. 535,173 shares traded hands during mid-day trading, an increase of 444% from the average daily volume of 98,383 shares. The stock last traded at $70.6990 and had previously closed at $71.35.

iShares Global Consumer Staples ETF Price Performance

The firm has a market cap of $1.17 billion, a PE ratio of 23.27 and a beta of 0.47. The company has a 50 day simple moving average of $68.21 and a 200-day simple moving average of $68.53.

Institutional Investors Weigh In On iShares Global Consumer Staples ETF

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of iShares Global Consumer Staples ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after acquiring an additional 40,711 shares during the period. Y.D. More Investments Ltd bought a new position in shares of iShares Global Consumer Staples ETF in the 1st quarter worth approximately $1,173,000. McKinley Carter Wealth Services Inc. purchased a new position in shares of iShares Global Consumer Staples ETF in the 3rd quarter valued at approximately $824,000. Northstar Financial Companies Inc. lifted its stake in shares of iShares Global Consumer Staples ETF by 63.2% in the 1st quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after purchasing an additional 9,077 shares during the period. Finally, Mondrian Investment Partners LTD purchased a new position in shares of iShares Global Consumer Staples ETF in the 3rd quarter valued at approximately $310,000.

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.