iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – Here’s Why

iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw an uptick in trading volume on Tuesday . Approximately 289,327 shares traded hands during mid-day trading, an increase of 246% from the previous session’s volume of 83,731 shares.The stock last traded at $68.81 and had previously closed at $69.12.

iShares Global Consumer Staples ETF Stock Down 0.6%

The firm has a 50-day moving average of $68.36 and a two-hundred day moving average of $68.75. The company has a market capitalization of $1.06 billion, a PE ratio of 23.27 and a beta of 0.48.

Institutional Trading of iShares Global Consumer Staples ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in iShares Global Consumer Staples ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock valued at $6,637,000 after buying an additional 40,711 shares during the period. Cetera Investment Advisers boosted its stake in shares of iShares Global Consumer Staples ETF by 7.7% during the 1st quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock worth $528,000 after acquiring an additional 564 shares in the last quarter. Northstar Financial Companies Inc. grew its position in shares of iShares Global Consumer Staples ETF by 63.2% during the 1st quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after acquiring an additional 9,077 shares during the period. Northland Securities Inc. grew its position in shares of iShares Global Consumer Staples ETF by 4.3% during the 1st quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock valued at $3,265,000 after acquiring an additional 1,994 shares during the period. Finally, Y.D. More Investments Ltd purchased a new position in shares of iShares Global Consumer Staples ETF in the 1st quarter valued at about $1,173,000.

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.