iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Stock Price Down 1.3% – Here’s What Happened

Shares of iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) were down 1.3% during trading on Tuesday . The company traded as low as $193.93 and last traded at $193.93. Approximately 15,951 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 10,871 shares. The stock had previously closed at $196.42.

iShares Global Consumer Discretionary ETF Price Performance

The firm has a market cap of $261.81 million, a P/E ratio of 19.64 and a beta of 1.05. The business’s 50-day moving average is $197.86 and its two-hundred day moving average is $196.51.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

A hedge fund recently raised its stake in iShares Global Consumer Discretionary ETF stock. Integrated Wealth Concepts LLC lifted its stake in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 31.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,382 shares of the company’s stock after acquiring an additional 574 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.18% of iShares Global Consumer Discretionary ETF worth $423,000 as of its most recent SEC filing.

About iShares Global Consumer Discretionary ETF

iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.