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

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw unusually-strong trading volume on Tuesday . Approximately 88,560 shares traded hands during trading, an increase of 58% from the previous session’s volume of 55,924 shares.The stock last traded at $62.25 and had previously closed at $62.19.

iShares Global Consumer Staples ETF Price Performance

The firm’s fifty day moving average price is $64.14 and its two-hundred day moving average price is $62.85. The stock has a market cap of $886.21 million, a price-to-earnings ratio of 23.59 and a beta of 0.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of iShares Global Consumer Staples ETF by 146.9% in the 3rd quarter. Blue Trust Inc. now owns 1,000 shares of the company’s stock worth $60,000 after acquiring an additional 595 shares during the last quarter. Family Firm Inc. acquired a new position in shares of iShares Global Consumer Staples ETF in the 2nd quarter valued at $78,000. Madden Advisory Services Inc. acquired a new position in shares of iShares Global Consumer Staples ETF in the 3rd quarter valued at $208,000. GSA Capital Partners LLP purchased a new stake in iShares Global Consumer Staples ETF in the 3rd quarter worth $219,000. Finally, Financial Symmetry Inc purchased a new stake in iShares Global Consumer Staples ETF in the 2nd quarter worth $234,000.

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.