iShares Global Consumer Staples ETF (NYSEARCA:KXI) Hits New 52-Week High – Here’s Why

iShares Global Consumer Staples ETF (NYSEARCA:KXI)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $67.75 and last traded at $67.6050, with a volume of 4483 shares changing hands. The stock had previously closed at $67.00.

iShares Global Consumer Staples ETF Stock Performance

The company has a market capitalization of $939.95 million, a price-to-earnings ratio of 23.27 and a beta of 0.55. The firm has a 50-day simple moving average of $65.32 and a two-hundred day simple moving average of $65.15.

Institutional Investors Weigh In On iShares Global Consumer Staples ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Northland Securities Inc. purchased a new position in iShares Global Consumer Staples ETF in the 4th quarter valued at approximately $3,022,000. Financial & Tax Architects LLC acquired a new stake in shares of iShares Global Consumer Staples ETF in the fourth quarter valued at $244,000. Triumph Capital Management purchased a new position in iShares Global Consumer Staples ETF in the third quarter valued at $102,000. Allworth Financial LP grew its stake in iShares Global Consumer Staples ETF by 27.1% during the 3rd quarter. Allworth Financial LP now owns 1,202 shares of the company’s stock worth $77,000 after purchasing an additional 256 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in iShares Global Consumer Staples ETF during the 3rd quarter worth $32,000.

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.