iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Unusually-High Trading Volume – Here’s Why

iShares Global Consumer Staples ETF (NYSEARCA:KXI) shares saw strong trading volume on Tuesday . Approximately 289,327 shares were traded during trading, an increase of 246% from the previous session’s volume of 83,731 shares.The stock last traded at $68.81 and had previously closed at $69.12.

iShares Global Consumer Staples ETF Price Performance

The stock has a market cap of $1.06 billion, a P/E ratio of 23.27 and a beta of 0.48. The stock’s 50 day simple moving average is $68.45 and its two-hundred day simple moving average is $68.77.

Institutional Investors Weigh In On iShares Global Consumer Staples ETF

Several institutional investors have recently added to or reduced their stakes in KXI. Fisher Asset Management LLC boosted its stake in shares of iShares Global Consumer Staples ETF by 15.2% during the 4th quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock worth $390,011,000 after buying an additional 793,864 shares during the last quarter. Morningstar Investment Management LLC increased its position in shares of iShares Global Consumer Staples ETF by 24.4% in the third quarter. Morningstar Investment Management LLC now owns 293,821 shares of the company’s stock valued at $18,913,000 after acquiring an additional 57,667 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock valued at $6,637,000 after acquiring an additional 40,711 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in iShares Global Consumer Staples ETF during the fourth quarter worth about $2,491,000. Finally, Raymond James Financial Inc. raised its holdings in iShares Global Consumer Staples ETF by 44.2% during the second quarter. Raymond James Financial Inc. now owns 66,555 shares of the company’s stock worth $4,351,000 after acquiring an additional 20,399 shares in the last quarter.

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.