iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Trading Down 1.3% – Here’s Why

Shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) were down 1.3% during mid-day trading on Tuesday . The company traded as low as $193.93 and last traded at $193.93. 15,951 shares traded hands during trading, an increase of 47% from the average daily volume of 10,871 shares. The stock had previously closed at $196.42.

iShares Global Consumer Discretionary ETF Trading Down 1.3%

The stock has a market cap of $261.81 million, a price-to-earnings ratio of 19.64 and a beta of 1.05. The company has a 50 day simple moving average of $197.86 and a 200-day simple moving average of $196.51.

Institutional Investors Weigh In On iShares Global Consumer Discretionary ETF

A hedge fund recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. grew its position in shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,525 shares of the company’s stock after acquiring an additional 3,942 shares during the quarter. Bessemer Group Inc. owned 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 at the end of the most recent reporting period.

iShares Global Consumer Discretionary ETF Company Profile

iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.