iShares Global Consumer Staples ETF (NYSEARCA:KXI) Reaches New 12-Month High – Here’s What Happened

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

iShares Global Consumer Staples ETF Price Performance

The stock has a market cap of $1.20 billion, a P/E ratio of 22.57 and a beta of 0.46. The firm’s fifty day moving average price is $68.63 and its two-hundred day moving average price is $68.72.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in shares of iShares Global Consumer Staples ETF by 185.5% in the third quarter. Fifth Third Bancorp now owns 6,244 shares of the company’s stock worth $409,000 after purchasing an additional 4,057 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in iShares Global Consumer Staples ETF in the third quarter valued at approximately $68,000. Equity Investment Corp purchased a new stake in iShares Global Consumer Staples ETF in the third quarter valued at approximately $440,000. Allspring Global Investments Holdings LLC raised its stake in iShares Global Consumer Staples ETF by 15,700.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 790 shares of the company’s stock valued at $51,000 after purchasing an additional 785 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new stake in iShares Global Consumer Staples ETF during the third quarter valued at approximately $276,000.

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.