iShares Global Consumer Staples ETF (NYSEARCA:KXI) Shares Down 2% – Should You Sell?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) were down 2% during mid-day trading on Wednesday . The stock traded as low as $66.94 and last traded at $67.04. Approximately 75,053 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 82,066 shares. The stock had previously closed at $68.38.

iShares Global Consumer Staples ETF Stock Performance

The stock has a market capitalization of $988.84 million, a price-to-earnings ratio of 23.27 and a beta of 0.48. The firm has a fifty day moving average of $68.12 and a 200-day moving average of $67.89.

Institutional Trading of iShares Global Consumer Staples ETF

Several large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its holdings in iShares Global Consumer Staples ETF by 3.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,786 shares of the company’s stock valued at $309,000 after purchasing an additional 149 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in iShares Global Consumer Staples ETF by 1.2% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 16,214 shares of the company’s stock valued at $1,048,000 after purchasing an additional 189 shares in the last quarter. Allworth Financial LP increased its holdings in iShares Global Consumer Staples ETF by 27.1% in the 3rd quarter. Allworth Financial LP now owns 1,202 shares of the company’s stock valued at $77,000 after purchasing an additional 256 shares in the last quarter. Truist Financial Corp increased its holdings in iShares Global Consumer Staples ETF by 0.9% in the 4th quarter. Truist Financial Corp now owns 37,178 shares of the company’s stock valued at $2,404,000 after purchasing an additional 346 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in iShares Global Consumer Staples ETF in the 4th quarter valued at $27,000.

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.