iShares Global Consumer Staples ETF (NYSEARCA:KXI) Sees Large Volume Increase – Should You Buy?

Shares of iShares Global Consumer Staples ETF (NYSEARCA:KXI) saw strong trading volume on Wednesday . 254,875 shares changed hands during mid-day trading, an increase of 333% from the previous session’s volume of 58,908 shares.The stock last traded at $63.85 and had previously closed at $64.54.

iShares Global Consumer Staples ETF Stock Down 1.4 %

The stock has a 50 day moving average price of $61.01 and a two-hundred day moving average price of $62.96. The company has a market cap of $715.95 million, a P/E ratio of 23.78 and a beta of 0.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of iShares Global Consumer Staples ETF by 146.9% during the third quarter. Blue Trust Inc. now owns 1,000 shares of the company’s stock worth $60,000 after purchasing an additional 595 shares during the period. Private Advisor Group LLC raised its stake in shares of iShares Global Consumer Staples ETF by 6.0% in the third quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock worth $306,000 after purchasing an additional 263 shares during the last quarter. International Assets Investment Management LLC grew its position in iShares Global Consumer Staples ETF by 6,475.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,520 shares of the company’s stock worth $692,000 after purchasing an additional 10,360 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Global Consumer Staples ETF in the 3rd quarter valued at $885,000. Finally, Madden Advisory Services Inc. purchased a new stake in shares of iShares Global Consumer Staples ETF during the 3rd quarter worth approximately $208,000.

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.