iShares Global Consumer Staples ETF (NYSEARCA:KXI) Reaches New 1-Year High – Still a Buy?

iShares Global Consumer Staples ETF (NYSEARCA:KXI) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $73.69 and last traded at $73.7210, with a volume of 5,142 shares. The stock had previously closed at $71.92.

iShares Global Consumer Staples ETF Trading Up 3.4%

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 22.57 and a beta of 0.46. The stock has a 50-day moving average of $68.44 and a 200-day moving average of $68.65.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of iShares Global Consumer Staples ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after acquiring an additional 40,711 shares during the last quarter. Northland Securities Inc. increased its holdings in shares of iShares Global Consumer Staples ETF by 4.3% in the 1st quarter. Northland Securities Inc. now owns 48,730 shares of the company’s stock worth $3,265,000 after acquiring an additional 1,994 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of iShares Global Consumer Staples ETF in the 3rd quarter worth about $1,905,000. Northstar Financial Companies Inc. lifted its position in iShares Global Consumer Staples ETF by 63.2% in the 1st quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after purchasing an additional 9,077 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in iShares Global Consumer Staples ETF in the 1st quarter valued at about $1,173,000.

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.