iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – What’s Next?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares saw strong trading volume on Tuesday . 88,560 shares traded hands during mid-day 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 company has a market cap of $886.21 million, a price-to-earnings ratio of 23.59 and a beta of 0.45. The stock’s 50-day simple moving average is $64.14 and its 200 day simple moving average is $62.85.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Several hedge funds have recently added to or reduced their stakes in KXI. HighTower Advisors LLC boosted its position in shares of iShares Global Consumer Staples ETF by 4.0% in the 3rd quarter. HighTower Advisors LLC now owns 7,065 shares of the company’s stock worth $471,000 after buying an additional 271 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of iShares Global Consumer Staples ETF by 17.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 28,311 shares of the company’s stock valued at $1,861,000 after buying an additional 4,245 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of iShares Global Consumer Staples ETF by 43.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 48,890 shares of the company’s stock valued at $3,215,000 after buying an additional 14,817 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of iShares Global Consumer Staples ETF by 13.2% during the 3rd quarter. Fisher Asset Management LLC now owns 2,546,939 shares of the company’s stock valued at $167,461,000 after acquiring an additional 297,857 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of iShares Global Consumer Staples ETF during the 3rd quarter valued at approximately $219,000.

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.