iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – Here’s Why

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw unusually-high trading volume on Friday . Approximately 120,698 shares were traded during mid-day trading, an increase of 162% from the previous session’s volume of 46,089 shares.The stock last traded at $60.30 and had previously closed at $59.96.

iShares Global Consumer Staples ETF Stock Performance

The stock has a market capitalization of $860.56 million, a P/E ratio of 23.59 and a beta of 0.45. The firm’s fifty day simple moving average is $61.42 and its 200 day simple moving average is $62.85.

Hedge Funds Weigh In On iShares Global Consumer Staples ETF

Several hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of iShares Global Consumer Staples ETF by 13.2% in the 3rd quarter. Fisher Asset Management LLC now owns 2,546,939 shares of the company’s stock valued at $167,461,000 after purchasing an additional 297,857 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares Global Consumer Staples ETF during the 2nd quarter worth approximately $1,962,000. Bank of Montreal Can boosted its position in iShares Global Consumer Staples ETF by 3,575.0% during the 2nd quarter. Bank of Montreal Can now owns 29,400 shares of the company’s stock worth $1,823,000 after buying an additional 28,600 shares during the period. BNP Paribas Financial Markets boosted its position in iShares Global Consumer Staples ETF by 43.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 48,890 shares of the company’s stock worth $3,215,000 after buying an additional 14,817 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares Global Consumer Staples ETF during the 3rd quarter worth approximately $885,000.

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.