iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – Should You Buy?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares saw unusually-high trading volume on Tuesday. 535,173 shares were traded during trading, an increase of 444% from the average daily volume of 98,383 shares. The stock last traded at $70.6990 and had previously closed at $71.35.

iShares Global Consumer Staples ETF Stock Down 1.1%

The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.27 and a beta of 0.47. The stock has a 50 day simple moving average of $68.09 and a 200 day simple moving average of $68.43.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Several hedge funds have recently bought and sold shares of the business. Oakworth Capital Inc. acquired a new stake in shares of iShares Global Consumer Staples ETF during the 3rd quarter worth approximately $26,000. Compass Wealth Management LLC bought a new stake in shares of iShares Global Consumer Staples ETF during the third quarter worth $41,000. Manchester Capital Management LLC bought a new position in shares of iShares Global Consumer Staples ETF in the 3rd quarter worth $141,000. Fifth Third Bancorp grew its holdings in shares of iShares Global Consumer Staples ETF by 73.0% during the first quarter. Fifth Third Bancorp now owns 2,187 shares of the company’s stock worth $147,000 after buying an additional 923 shares in the last quarter. Finally, NTV Asset Management LLC acquired a new stake in shares of iShares Global Consumer Staples ETF in the 3rd quarter valued at approximately $278,000.

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.