iShares Global Consumer Staples ETF (NYSEARCA:KXI) Stock Price Down 1% – Time to Sell?

iShares Global Consumer Staples ETF (NYSEARCA:KXI)’s share price were down 1% during mid-day trading on Monday . The stock traded as low as $67.88 and last traded at $68.00. Approximately 79,461 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 91,301 shares. The stock had previously closed at $68.67.

iShares Global Consumer Staples ETF Stock Performance

The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 23.27 and a beta of 0.50. The company’s fifty day moving average is $68.54 and its two-hundred day moving average is $67.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its position in shares of iShares Global Consumer Staples ETF by 3.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,786 shares of the company’s stock worth $309,000 after buying an additional 149 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of iShares Global Consumer Staples ETF by 1.2% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 16,214 shares of the company’s stock valued at $1,048,000 after buying an additional 189 shares during the period. Allworth Financial LP lifted its position 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 acquiring an additional 256 shares in the last quarter. Truist Financial Corp lifted its position in iShares Global Consumer Staples ETF by 0.9% during the 4th quarter. Truist Financial Corp now owns 37,178 shares of the company’s stock worth $2,404,000 after acquiring an additional 346 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in iShares Global Consumer Staples ETF in the 4th quarter worth approximately $27,000.

iShares Global Consumer Staples ETF Company Profile

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.