iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw unusually-high trading volume on Friday. 426,300 shares traded hands during trading, an increase of 369% from the previous session’s volume of 90,821 shares. The stock last traded at $70.6650 and had previously closed at $70.14.

iShares Global Consumer Staples ETF Price Performance

The stock’s 50 day simple moving average is $67.82 and its two-hundred day simple moving average is $68.07. The firm has a market cap of $1.20 billion, a P/E ratio of 23.27 and a beta of 0.47.

Institutional Trading of iShares Global Consumer Staples ETF

Several institutional investors have recently bought and sold shares of KXI. Fifth Third Bancorp raised its holdings in iShares Global Consumer Staples ETF by 73.0% in 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 during the last quarter. Rockefeller Capital Management L.P. lifted its stake 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 in the last quarter. Cetera Investment Advisers increased its position in shares of iShares Global Consumer Staples ETF by 7.7% during the first quarter. Cetera Investment Advisers now owns 7,877 shares of the company’s stock valued at $528,000 after acquiring an additional 564 shares in the last quarter. Patriot Investment Management Group Inc. increased its holdings in shares of iShares Global Consumer Staples ETF by 2.3% in the 3rd quarter. Patriot Investment Management Group Inc. now owns 17,488 shares of the company’s stock worth $1,144,000 after purchasing an additional 390 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new position in iShares Global Consumer Staples ETF in the 1st quarter worth about $1,173,000.

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.